🚀 $ETH Technical Analysis June 19, 2025: PRICE STANDS AT $2,520.91 WITH BEARISH MOMENTUM 📉
📊 Market Insight
• Current Price: 2,520.91 USDT
• Moving Averages (MAs) indicate a bearish trend.
• Volume has increased to 3,827,759, suggesting heightened market activity, but the recent price decline reflects stronger selling pressure compared to buying interest.
• MACD shows a bearish trend.
• RSI values are in neutral territory.
📊 Important Levels to Watch
🔼 Resistance Levels:
2,548.42 (24h high)
2,550.59 (MA(99))
2,691.67 (recent high)
🔽 Support Levels:
2,453.80 (recent low)
2,442.47 (significant support)
2,400.00 (deeper support)
💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $2,548.42
☑️ Entry Point: $2,550.00 (enter if price breaks above 2,548.42 with bullish momentum confirmation)
🎯 Price Target:
TP1: $2,550.59
TP2: $2,691.67
🛑 Stop Loss: $2,545.00 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 2,548.42, an increase in volume, RSI(6) rising above 50, and MACD showing a bullish crossover with DIF rising above DEA.
🐻 Bearish Trade Setup: Breakdown below $2,453.80
☑️ Entry Point: $2,450.00 (enter if price breaks below 2,453.80 with bearish momentum confirmation)
🎯 Price Target
TP1: $2,442.47
TP2: $2,400.00
🛑 Stop Loss (SL): $2,455.00 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 2,453.80, 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:
A bearish setup seems more probable given the current price drop below key MAs and the bearish MACD signal, particularly if the price breaks below $2,453.80 with confirmation. For bullish traders, a recovery above $2,548.42 could indicate a potential reversal, but the current momentum and neutral RSI suggest caution. Employing tight stop losses is advisable to mitigate risk.
