๐จ $ETH
/USDT โ Bullish Momentum Building or Short-Term Spike? โ๏ธ
Ethereum has edged up +2.20% in the past 24h, testing resistance near $2,531. Will this Layer 1 giant extend its gains or face a rejection at key levels?
๐ Market Overview
๐ Current Price: ~$2,480.94
๐ 24h High: $2,531.36
โ๏ธ 24h Low: $2,402.70
๐ฆ 24h Volume (ETH): 551,292.73
๐ต 24h Volume (USDT): $1.36B
๐ Parabolic SAR: ~$2,466.00 (Uptrend still intact)
๐ MACD Momentum (Estimates):
DIF: +42.10 (Positive shift in momentum)
DEA: +17.85
MACD: +48.50 (Bullish crossover confirmed!)
๐ $ETH Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If ETH Holds Above $2,470):
Entry: Above $2,490
Targets: $2,530, $2,580, $2,640
Stop-Loss: $2,460
๐น Bearish Scenario (If ETH Drops Below $2,460):
Entry: Below $2,460
Targets: $2,420, $2,375, $2,300
Stop-Loss: $2,490
๐ What to Watch
โ Strong volume near $2,480 indicates buyers defending key support
โ MACD confirms bullish bias, but RSI is nearing overbought zone
โ ๏ธ A rejection at $2,530 without strong follow-through could lead to a pullback
๐ก Pro Tip:
Watch for a clear breakout above $2,530 with volumeโthis could trigger a move toward $2,600+. If rejected, consider a tight stop to protect capital.
๐ข Are you riding the $ETH momentum or waiting for a dip?
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