🚀 $ETH Technical Analysis June 17, 2025: PRICE STANDS AT $2,595.89 WITH NEUTRAL MOMENTUM ⚖️

📊 Market Insight
• Current Price: 2,595.89 USDT
• Moving Averages (MAs) indicate a mixed trend.
• Volume has increased moderately, reflecting balanced buying and selling interest following the recent drop from the 24h high of 2,680.34.
• MACD shows a bearish divergence.
• RSI values are in neutral territory.

📊 Important Levels to Watch
🔼 Resistance Levels:
2,620.70 (immediate resistance)
2,680.34 (next significant resistance)
🔽 Support Levels:
2,551.64 (recent support level
2,492.58 (next significant support based on recent low)
2,482.00 (immediate support)

💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $2,620.70
☑️ Entry Point: $2,625.00 (enter if price breaks above 2,620.70 with bullish momentum confirmation)
🎯 Price Target:
TP1: $2,680.34
🛑 Stop Loss: $2,610.00 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 2,620.70, a surge in volume, RSI(6) rising above 50, and MACD showing a bullish crossover with DIF rising above DEA.

🐻 Bearish Trade Setup: Breakdown below $2,551.64
☑️ Entry Point: $2,545.00 (enter if price breaks below 2,551.64 with bearish momentum confirmation)
🎯 Price Target
TP1: $2,492.58
TP2: $2,482.00
🛑 Stop Loss (SL): $2,565.00 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 2,551.64, a decline in volume, RSI(6) dropping below 30, and the MACD continuing to show a bearish trend with DIF falling further below DEA.

📌 Suggestion to Open Positions Today:
The market appears to be in a consolidation phase with neutral momentum, making it a cautious time for trading. A bullish setup could emerge if the price breaks above $2,620.70 with confirmation, while a bearish setup might develop if it falls below $2,551.64. Given the balanced indicators, tight stop losses and confirmation from volume and RSI are highly recommended.

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