ETH/USDT Market Analysis & Trade Ideas
š Not Financial Advice ā For Educational Use Only
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š Market Overview
Current Price: $2,501.98 (+3.83%)
Trend:
Short-Term: Bullish
Mid-Term: Mixed
7D: ā5.98%
30D: +40.90%
Key Levels:
Resistance: $2,691.80 (24h high ā recent rejection)
Support: $2,563.51 (24h low), then $2,465 (MA25)
Volume: 10,203 ETH ā Below short-term averages (MA5/10), signaling weaker momentum
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š Technical Breakdown
Moving Averages
MA(7): $2,500.94 ā Currently acting as pivot
MA(25): $2,465.00 ā Short-term support
MA(99): $2,573.18 ā Major resistance ahead
RSI(6): 59.24 ā Neutral-Bullish zone (no overbought signal)
Price Action
Failed breakout at $2,691.80
Key supports: $2,563.51 and $2,465.00
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š” Trade Ideas (High Risk ā DYOR)
Short-Term (Scalping/Swing)
ā Potential Entry Zones:
$2,465 (MA25) ā Buy zone with stop-loss < $2,400
Breakout above $2,573 (MA99) ā Could target retest of $2,691
š© Potential Exit Zones:
Take profits around $2,573 or $2,691 if rejected
Exit long positions if RSI(6) drops below 50
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ā ļø Risk Factors & Warnings
Breakdown Alert: Close below $2,465 may signal further downside
Volume Concern: Weak volume suggests lack of strong conviction ā be cautious
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š§ Long-Term Outlook
Positive Signals:
30D: +40.90% = Strong recovery momentum
Caution Flags:
180D: ā37.54%, 1Y: ā34.98% = Long-term trend still bearish
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š Tools & Tips
Set price alerts at $2,573 (resistance) and $2,465 (support)
Consider grid bots for range-bound strategies ($2,465ā$2,573)
Watch BTC correlation to stay aligned with macro trends
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š Like & Share if you found this helpful!
ā½ Remember: This is not financial advice. Always DYOR and use solid risk management.
Trade smart ā and may the gas fees be ever in your favor! š
