🚨 ETHUSDC Technical Analysis & Trade Setup 🚨
📊 Technical Overview
- Price: 2,508.24 (+8.04% surge)
- Bollinger Bands: Price below Upper Band (2,944.37) ➡️ Potential upside but watch for consolidation.
- MACD: Bullish crossover (DIF: 199.12 > DEA: 190.39 | MACD: +8.73) 🟢
- RSI(6): 68.35 (Near overbought zone) ⚠️
- OBV: -4.8M 🔴 (Selling pressure divergence)
- Volume: 325K vs MA(5): 1.05M ➡️ Weak participation.
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🔍 Key Observations
1. Bullish Signals: MACD uptick, price holding above Middle BB (2,267.43).
2. Risks: Overextended RSI, negative OBV, low volume.
3. Critical Levels:
- Support: 2,292.46 (Key level) | 2,267.43 (Middle BB).
- Resistance: 2,944.37 (Upper BB).
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🎯 Actionable Strategy
- Entry: Wait for pullback to 2,292–2,267 zone for better risk-reward.
- Stop-Loss: Below 2,292.46 (Daily close).
- Take-Profit*: Scalp targets at 2,618.42 | Swing to 2,944.37 if momentum holds.
- Confirmation: RSI <60 + rising volume/OBV to validate uptrend.
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⚠️ Risk Note
- Post-surge volatility likely. Monitor Bitcoin dominance & market sentiment.
- Always use stop-losses.
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📉📈 Trade smart, stay alert!