$ETH /USDT Trading Analysis & Strategy (Not Financial Advice)
Market Overview
Current Price: $2,543.62 (-3.32%, 24h)
24h Range: $2,490.31 – $2,734.23
Volume: 945,606.50 ETH (High activity, but sellers in control)
Trend: Strong short-term bearish momentum; key support being tested
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Technical Indicators
1. Moving Averages:
MA(7): $2,560 → Immediate resistance
MA(25): $2,625 → Confirms prevailing downtrend
MA(99): $2,575 → Mid-term pivot level
2. RSI(6): 25.86 → Deep oversold territory, potential for short-term rebound
3. Volume: Below MA(5) & MA(10) → Weak demand, cautious sentiment
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Trade Ideas
Short-Term Strategy (Scalp/Swing)
Support Zones:
$2,490–2,500 → Potential dip-buy area if RSI stabilizes and reversal patterns emerge
Below $2,490 → Next major support at $2,450
Resistance Zones:
$2,560 (MA7) → Ideal for partial exits
$2,625 (MA25) → Key breakout level requiring strong volume
Risk Parameters
Stop-Loss: Below $2,450 (risk escalates under this level)
Leverage: Keep it low (≤5x) due to heightened volatility
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Mid-to-Long Term Outlook
Bullish Scenario: Close above $2,625 opens potential move toward $2,734
Bearish Scenario: Breakdown under $2,490 may target $2,300 (90-day support)
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Final Thoughts
Caution Recommended: Market is oversold but still vulnerable. Watch for volume and price action around support.
DYOR: This is not financial advice—always do your own research.
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Disclaimer: Crypto trading involves significant risk. Never invest more than you can afford to lose.