Is Ethereum preparing for a new breakout? Technical analysis and trading strategy for $ETH
🔹 Current price: 2,488.08 USDT
🔹 Highest price in 24 hours: 2,531.36
🔹 Lowest price: 2,450.00
🔹 24-hour trading volume: 458,270 ETH
🔹 Daily change percentage: +1.01%
🔹 RSI (6): at 42.28 – near the oversold area
Technical Analysis:
Bollinger Bands show a tightening in the price range, indicating a potential strong movement is imminent.
The MACD indicator is in a phase of negative momentum but has begun to show signs of weakness in the downtrend (potential reversal).
A strong support candle appeared near 2,450, and the price rejected going lower, indicating the presence of buyers.
The moving average MA(10) is forming resistance, and it could be a launching point if it is broken.
Proposed Trading Strategy:
✅ Entry point: 2,470 – 2,490 USDT
✅ Take Profit (TP):
First target: 2,560
Second target: 2,660
Stop Loss (SL): clearly below 2,430
Strategy: enter with a breakout of the moving average MA10 or the appearance of a confirming bullish candle on the 4-hour timeframe.
Important Notes:
Critical support level: 2,450
Next important resistance: 2,558 – 2,691
Decrease in selling momentum + price consolidation = potential upcoming bullish breakout
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