🚀 $ETH Technical Analysis June 23, 2025: PRICE STANDS AT $2,242.42 WITH BEARISH MOMENTUM 📉
📊 Market Insight
• Current Price: 2,242.42 USDT
• Moving Averages (MAs) indicate a bearish trend.
• Volume has spiked to 3.95M, suggesting strong selling pressure following the recent decline.
• MACD shows a bearish trend.
• RSI values are in neutral territory.
📊 Important Levels to Watch
🔼 Resistance Levels:
2,237.80 (MA(7))
2,399.30 (MA(99))
2,448.80 (recent high)
🔽 Support Levels:
2,111.89 (24h low)
2,095.04
2,000.00 (strong support level)
💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $2,399.30
☑️ Entry Point: $2,405.00 (enter if price breaks above 2,399.30 with bullish momentum confirmation)
🎯 Price Target:
TP1: $2,448.80
TP2: $2,500.00
🛑 Stop Loss: $2,390.00 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 2,399.30, an increase in volume, RSI(6) rising above 70, and MACD showing a bullish crossover with DIF rising above DEA.
🐻 Bearish Trade Setup: Breakdown below $2,111.89
☑️ Entry Point: $2,105.00 (enter if price breaks below 2,111.89 with bearish momentum confirmation)
🎯 Price Target
TP1: $2,095.04
TP2: $2,000.00
🛑 Stop Loss (SL): $2,120.00 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 2,111.89, a decline in volume, RSI(6) dropping below 50, 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, the bearish MACD signal, and the high volume indicating strong selling pressure. The current price is near the support level at $2,111.89, making it a critical level to monitor. For bullish traders, a recovery above $2,399.30 could signal a potential reversal, but the neutral RSI and persistent bearish MACD suggest caution. Tight stop losses are recommended to manage risk effectively.
