š Key Market Developments
š Price jumped to $2,397.71 (+7.29%), rebounding from $2,188.00 lows.
š EMA Signals:
EMA(7): $2,401.57 š“ Resistance
EMA(25): $2,479.96 š¼ Next resistance
EMA(99): $2,369.54 ā Bullish support
š RSI(6): 44.67 (recovering from oversold)
ā” StochRSI: 25.33 / 12.57 ā bullish crossover forming
š Volume: 74,923 ETH (only 13% of avg 557,694 ETH) = weak participation
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š§± Key Levels
š¢ Support:
$2,369.54 (EMA99)
$2,188.00 (24h low)
$2,111.89 (higher low)
š“ Resistance:
$2,401.57 (EMA7)
$2,438.68 (24h high)
$2,479.96 (EMA25)
$2,579.96 (next breakout level)
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š Price Forecast
ā±ļø Short-Term (12ā24h)
ā Bullish Bias (60%): Break above $2,401.57 ā targets $2,438 ā $2,479
š Confirmation: Volume >150K ETH + StochRSI >30
ā ļø Bearish Risk (40%): Rejection at EMA7 ā retest $2,369 (EMA99)
š Medium-Term (3ā7 days)
ā Bullish (55%): Hold above EMA99 ā climb to $2,579 ā $2,748
ā ļø Bearish (45%): Close below EMA99 ā test $2,188 again
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š§ Trade Setup
š© LONG TRADE ā Breakout Play (60% Prob.)
š„ Entry:
$2,398ā$2,405 (EMA7 breakout)
$2,370 (dip to EMA99)
šÆ Targets:
$2,438 (TP1 ā 50% exit)
$2,479 (TP2 ā full exit)
ā Stop Loss: $2,350
š„ SHORT TRADE ā Resistance Fade (40% Prob.)
š„ Entry: $2,400ā$2,402 (EMA7 rejection)
šÆ Targets:
$2,370
$2,350
ā Stop Loss: $2,410
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ā Summary
šµ LONG TRADE
Trigger: Break above $2,401.57 with rising volume
Targets: $2,438 ā $2,479
Invalidation: 4H close < $2,350
š“ SHORT TRADE
Trigger: Rejection at $2,400 with weak volume
Targets: $2,370 ā $2,350
Invalidation: 4H close > $2,410
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š”ļø Risk Management
1. š° Capital: ā¤1% of account
2. āļø Leverage: ā¤5x (high volatility)
3. š Adjustments:
š¼ Break above $2,410 ā add longs ā target $2,580
š½ Break below $2,350 ā short to $2,188
4. ā ļø Catalyst to Watch: Monitor Ethereum gas fees (indicator of retail activity)
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š Final Note: Volume remains low ā wait for confirmation above EMA7 ($2,401.57). EMA(99) at $2,369.54 is now the key battleground for trend control. Watch for breakout >$2,480 to shift focus to 1D bullish targets.
Take Trade From here š $ETH
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