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📌 Current Price:
Around $2,485.66, slightly down by ~–0.16% during the day, with a daily trading range between $2,483–$2,565.
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🧠 Comprehensive Technical Analysis:
1. Market Structure:
ETH is experiencing sideways volatility pressure between support and resistance levels.
The price is currently ranging within the short-term upward channel between $2,485 and $2,565.
2. Technical Indicators:
RSI (~48): Close to the midpoint, reflecting market neutrality and slight volatility.
MACD: Shows a slight bearish momentum on the hourly frame without a clear breakout, warranting caution for a short-term correction.
3. Key Levels:
Immediate Support:
At $2,485 (daily buying pressure pivot point).
A level between $2,457–$2,438 represents a stronger defense line to prevent a larger drop.
Nearby Resistance:
**$2,557–$2,565** (EMA20 and current trading materially).
**$2,566–$2,580**: An important barrier; a daily close above may open the door for upward movement.
4. Forecast:
Bullish Scenario:
A breakout above $2,566 pushes the price to $2,606 – $2,646, then towards $2,700–$2,800.
Bearish Scenario:
Breaking below $2,485 could lead to an initial pullback towards $2,438, possibly to $2,384 – $2,357 if stability weakens.
5. Supporting Fundamental Factors:
Increasing institutional sentiment: A rise in active wallet addresses by 800k – 1M weekly.
Regulatory Enhancements: Approval of the Stablecoin (GENIUS) Act in America strengthens the regulatory environment and increases confidence in ETH.
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🎯 Suggested Trading Strategy:
Direction Entry Stop Loss Target
Holders near $2,485 under $2,457 $2,606
Higher Risk After breaking $2,566 Under $2,557 $2,646 – $2,700
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#Ethereum #ETH #CryptoAnalysis #ETHto2700 #BinanceFeed #Technical_Analysis
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