🚀 $ETH Technical Analysis June 05, 2025: PRICE STANDS AT $2,628.50 WITH CAUTIOUS OUTLOOK ⚠️

📊 Market Insight
• Current Price: 2,628.50 USDT
• Moving Averages (MAs) indicate a neutral-to-bearish trend.
• Volume has dropped significantly, indicating reduced trading activity and potentially lower momentum.
• MACD shows a bearish signal.
• RSI values are in neutral territory.

📊 Important Levels to Watch
🔼 Resistance Levels:
2,679.88
2,690.13 (next significant resistance)
2,700.00 (psychological resistance)
🔽 Support Levels:
2,594.49
2,539.88 (next significant support)
2,475.00

💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $2,679.88
☑️ Entry Point: $2,685.00 (enter if price breaks above 2,679.88 with bullish momentum confirmation)
🎯 Price Target:
TP1: $2,690.13
TP2: $2,700.00
🛑 Stop Loss: $2,670.00 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 2,679.88, an increase in volume, RSI(6) rising above 60, and a MACD bullish crossover with DIF moving above DEA.

🐻 Bearish Trade Setup: Breakdown below $2,594.49
☑️ Entry Point: $2,590.00 (enter if price breaks below 2,594.49 with bearish momentum confirmation)
🎯 Price Target:
TP1: $2,539.88
TP2: $2,475.00
🛑 Stop Loss (SL): $2,605.00 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 2,594.49, sustained high volume, RSI(6) falling below 40, and the MACD showing a continued bearish trend with DIF dropping further below DEA.

📌 Suggestion to Open Positions Today:
The RSI in neutral territory suggests a lack of strong momentum in either direction, while the low volume indicates reduced market participation. Traders should adopt a conservative approach, waiting for a clear breakout above $2,679.88 for a bullish setup or a breakdown below $2,594.49 for a bearish move. Monitor volume closely for signs of increased activity and use tight stop losses to manage risk effectively in this uncertain environment.

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