$ETH

free signal

# **Brief Technical Analysis**

1. **Trend & Momentum**

- Current price **$2,248.24** (▼7.95% in 24 hours).

- **24-hour Low: $2,216.00** (price is approaching the daily low).

- **Bearish Indicators**:

- MACD: **DIF (-43.29) < DEA (-42.01)** → Downward momentum.

- RSI(6): **26.95** (Oversold, but no bullish divergence yet).

- Moving Averages (MA): Price below **MA(25)=2,336** and **MA(99)=2,455** → Strong resistance above.

2. **Key Levels**

- **Support**: $2,216.00 (24-hour low) → If broken, target $2,200.

- **Resistance**: $2,270.40 (nearest level), then $2,336.83 (MA25).

3. **Volume & Volatility**

- High volume (**1.56B USDT** in 24 hours) confirms selling pressure.

- Increased volatility (24-hour High-Low range > $232).

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### **Trading Signal (4-6 Hours Ahead)**

- **Scenario 1 (Bearish - High Probability 70%)**:

- Price is likely to **continue dropping** towards **$2,216** (24-hour low).

- If $2,216 breaks, next target: **$2,200** (psychological support).

- **Short Entry**: Around **$2,240-2,250** with stop loss $2,270.40.

- **Target Profit**: $2,216 → $2,200.

- **Scenario 2 (Limited Rebound - Low Probability 30%)**:

- If the oversold RSI (26.95) triggers a rebound, the price may test **$2,270.40**.

- **Long Entry Only If**:

- Price rebounds from $2,216 with strong buying volume, **and**

- RSI rises above 30.

- **Target**: $2,270 (quick exit).

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### **Risk Management**

- **Mandatory Stop Loss**:

- For short: **$2,275** (above nearest resistance).

- For long: **$2,210** (below support).

- **Avoid Trading If**:

- Volume drops suddenly (sign of consolidation) or there is major fundamental news (e.g., Ethereum news).

### **Additional Confirmation**

- Monitor **real-time volume**: Sustained high selling volume will strengthen bearish signals.

- Price updates every 15-30 minutes to track movements around $2,216. !