🚀 $ETH Technical Analysis June 02, 2025: PRICE STABILIZES AT $2,500 LEVEL, BEARISH SIGNALS PERSIST ⚠️

📊 Market Insight
• Current Price: 2,507.54 USDT
• Moving Averages (MAs) show a bearish trend.
• Volume has decreased to 6.79M/3.38M (Layer 1/Layer 2), suggesting reduced trading activity and a potential consolidation phase.
• MACD shows a bearish trend.
• RSI values are in oversold territory.

📊 Important Levels to Watch
🔼 Resistance Levels:
2,547.79 (recent 24h high)
2,673.48
2,693.52 (next significant resistance)
🔽 Support Levels:
2,468.56
2,458.31 (next significant support)
2,448.31 (previous significant low)

💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $2,547.79
☑️ Entry Point: $2,550.00 (enter if price breaks above 2,547.79 with bullish momentum confirmation)
🎯 Price Target:
TP1: $2,673.48
TP2: $2,693.52
🛑 Stop Loss: $2,530.00 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 2,547.79, an increase in volume, RSI(6) rising above 40, and a MACD bullish crossover with DIF moving above DEA.

🐻 Bearish Trade Setup: Breakdown below $2,468.56
☑️ Entry Point: $2,465.00 (enter if price breaks below 2,468.56 with bearish momentum confirmation)
🎯 Price Target:
TP1: $2,458.31
TP2: $2,448.31
🛑 Stop Loss (SL): $2,480.00 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 2,468.56, sustained high volume, RSI(6) falling below 30, and the MACD showing a bearish trend with DIF dropping further below DEA.

📌 Suggestion to Open Positions Today:
Traders should exercise caution as $ETH holds at $2,507.54 with bearish signals and oversold RSI conditions. Wait for a clear breakout above $2,547.79 for a bullish setup or a breakdown below $2,468.56 for a bearish move. Given the declining volume and oversold indicators, use tight stop losses and monitor volume and RSI closely for signs of a potential reversal or continued decline.

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