Technical Analysis for ETH
✅ Support Areas:
1. 2485 USDT — Lowest price in the last 24 hours.
2. 2515 USDT — Near the 99 moving average (MA99).
3. 2498 USDT — Price level it recently rebounded from.
✅ Resistance Areas:
1. 2533 USDT — Previous local peak.
2. 2546 USDT — Highest price in the last 24 hours.
3. 2550 USDT — Nearby psychological level where some selling may appear.
📊 Is this a suitable time to buy?
Technical indicators suggest the following:
The price is above MA7, MA25, and MA99 → Short-term positive signal.
Relative Strength Index (RSI) = 62.77 → Near overbought territory, but not yet at 70.
There are consecutive green candles indicating good buying momentum.
✅ Recommendation:
If you are a short-term investor (scalping or day trading):
Buying is possible now, but it's better to monitor resistance at 2533-2550.
Set a stop loss below 2490.
If you are a medium or long-term investor:
It's preferable to wait to buy from a stronger support around 2485 or lower if a correction occurs.
