#GENIUSAct [Technical Analysis] ETH/USDT — Time to Observe the Bottom?

Current price: $2,404 (-4.01%)

EMA(7): $2,469 | EMA(25): $2,222 | EMA(99): $2,191

RSI(6): 47.86 (neutral zone, with a correction bias)

24h Volume: 1.09M ETH

After testing the resistance at $2,738, ETH entered a phase of natural correction. The short average (EMA 7) was broken, indicating a temporary weakening of buying strength.

Important regions:

Immediate support: $2,323 (daily low)

Key support zone for spot accumulation: between $2,220 - $2,190 (near EMAs 25 and 99)

Short-term resistance: $2,510

Macro resistance: $2,738

Spot Opportunity:

If ETH corrects to the region of $2,200 - $2,190, it may offer a good entry point for accumulation, aiming for a return to above $2,500 in the coming weeks.

Swing Trade:

Long Entry: if the price recovers above $2,470 with increasing volume and RSI turning upwards.

Short Entry: if it loses $2,220 with strength, it may seek $2,100–$2,000.

Strategy Summary:

Spot (accumulation): watching between $2,220–$2,190

Swing (long): breakout with confirmation above $2,470

Swing (short): loss of support at $2,220

Stop Loss - near 5.0% or 4.7%

Disclaimer:

This content is for educational purposes and does not constitute investment advice. Do your own analysis and manage your risks. The crypto market is highly volatile. Entry into the asset is always your decision.