🚀 $ETH Technical Analysis June 20, 2025: PRICE STANDS AT $2,511.49 WITH BEARISH MOMENTUM 📉

📊 Market Insight
• Current Price: 2,511.49 USDT
• Moving Averages (MAs) indicate a bearish trend.
• Volume is significant, with a recent decline suggesting stronger selling pressure compared to buying interest.
• MACD shows a bearish trend.
• RSI values are in neutral territory.

📊 Important Levels to Watch
🔼 Resistance Levels:
2,680.34
2,691.67
2,800.00
🔽 Support Levels:
2,453.80
2,442.47

2,400.00

💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $2,680.34
☑️ Entry Point: $2,685.00 (enter if price breaks above 2,680.34 with bullish momentum confirmation)
🎯 Price Target:
TP1: $2,691.67
TP2: $2,800.00
🛑 Stop Loss: $2,670.00 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 2,680.34, 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 (potential further support level)
🛑 Stop Loss (SL): $2,460.00 (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 appears more probable given the current price drop below key MAs and the bearish MACD signal, especially if the price breaks below $2,453.80 with confirmation. The current price is near immediate support at $2,525.54, making it a critical level to watch. For bullish traders, a recovery above $2,680.34 could signal a potential reversal, but the neutral RSI and bearish MACD suggest caution. Given the observed volatility, employing tight stop losses is advisable to mitigate risk.

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