Based on the provided 15-minute chart of ETH/USDT from Binance, here’s a quick technical outlook with Buy, Target 1 & 2, and Sell entry suggestions:
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📉 Current Price: $2,498.99
24h High: $2,548.63
24h Low: $2,490.58
EMA(9): 2,507.10
EMA(21): 2,514.19
RSI(14): 29.76 (Oversold zone)
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🔵 Buy Setup:
Buy Entry: Around $2,495 – $2,500
(Price is near the 24h low and showing signs of support)
Reason: RSI is oversold (<30), indicating a possible bounce. Multiple red candles may signal exhaustion.
🎯 Targets:
Target 1: $2,515 (near EMA(9), first resistance)
Target 2: $2,530 – $2,535 (near previous consolidation zone)
Stop-Loss: Below $2,488 (break below 24h low)
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🔴 Sell Setup:
Sell Entry: If price bounces to $2,515 – $2,520 and shows rejection (bearish candle pattern)
Reason: EMA(9) and EMA(21) act as dynamic resistance. Trend is still bearish.
🎯 Targets:
Target 1: $2,500
Target 2: $2,490
Stop-Loss: Above $2,525