📊 Introduction:
Today, traders are watching Ethereum ETH movement after a week of strong fluctuations. Is it time for a breakout? Or are we on the brink of a new correction? Let's analyze the technical scene closely on the hourly frame to understand what the market is planning behind the scenes.
🔍 Technical Analysis – Hourly Frame:
1️⃣ Current Price:
2,527 USDT (as of the time of writing this article)
Daily increase of +1.14%
24-hour trading range: between 2,465 – 2,546 USDT
2️⃣ Moving Averages:
MA(7) = 2,527: the price is touching it now – a signal for the beginning of a breakout
MA(25) = 2,515: ascending support confirms momentum
MA(99) = 2,549: major resistance, surpassing it triggers a strong buying wave
🔁 The crossover between MA(7) and MA(25) has indeed occurred, giving the first positive signal.
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3️⃣ Momentum Indicators:
MACD: positive, with widening gap between the fast and slow lines → 🔼
RSI (14): at 53 → neutral leaning towards upward
Stochastic: in the positive zone, has not yet entered overbought
ADX: at 33 → confirms the presence of a strong trend
✅ These indicators support the mid-term bullish scenario.
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4️⃣ Support and Resistance Areas:
Support Price
First 2,500 USDT
Second 2,465 USDT
Resistance Price
First 2,549 USDT
Second 2,580 USDT
Third 2,630 USDT
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📈 Daily Trading Scenario:
📌 Bullish Scenario:
Entry at: 2,535 – 2,540 USDT
Stop Loss: 2,500 USDT
Targets:
1️⃣: 2,580 USDT
2️⃣: 2,630 USDT
🔻 Bearish Scenario:
Failure to break 2,549 → Return to correction towards support 2,490 – 2,465
Selling entry possible only with a clear break below MA(25)
💡 Important Note:
The transfer of the Cork Protocol for a large amount of ETH to cold wallets in the past hours has highlighted security projects in Ethereum, which may add some volatility. However, the market remains resilient.
✅ Summary:
Ethereum is approaching a price explosion point 🔥
Surpassing 2,550 USDT means the return of the bullish wave strongly
Do not enter without a clear capital management plan
Watch for the crossover of the averages and confirmations of RSI and MACD on the higher frames
🔔 Should you enter now?
🟢 If you are a swing trader – watch for a clear break of the 2,550 USDT level
🔴 And if you are a scalping trader – beware of price traps at resistance points
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