🚀 $ETH Technical Analysis June 24, 2025: PRICE STANDS AT $2,399.61 WITH BULLISH MOMENTUM 📈
📊 Market Insight
• Current Price: 2,399.61 USDT
• Moving Averages (MAs) indicate a bullish trend.
• Volume has increased to 752,636.03 ETH (1.74B USDT), suggesting strong buying interest following the recent upward movement.
• MACD shows a bullish trend.
• RSI values are in bullish territory.
📊 Important Levels to Watch
🔼 Resistance Levels:
2,438.68 (24h high)
2,500.00 (psychological resistance)
2,600.00
🔽 Support Levels:
2,347.55
2,308.70 (MA(25))
2,111.89
💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $2,438.68
☑️ Entry Point: $2,440.00 (enter if price breaks above 2,438.68 with bullish momentum confirmation)
🎯 Price Target:
TP1: $2,500.00
TP2: $2,600.00
🛑 Stop Loss: $2,430.00 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 2,438.68, an increase in volume, RSI(6) rising above 70, and MACD showing a bullish crossover with DIF continuing to rise above DEA.
🐻 Bearish Trade Setup: Breakdown below $2,347.55
☑️ Entry Point: $2,340.00 (enter if price breaks below 2,347.55 with bearish momentum confirmation)
🎯 Price Target:
TP1: $2,308.70
TP2: $2,111.89
🛑 Stop Loss (SL): $2,360.00 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 2,347.55, a decline in volume, RSI(6) dropping below 50, and the MACD showing a bearish trend with DIF falling below DEA.
📌 Suggestion to Open Positions Today:
A bullish setup appears more probable. The current price is near the 24h high at $2,438.68, making it a critical level to monitor for a potential breakout. The RSI is showing strong momentum but is approaching overbought territory, suggesting caution and the need for confirmation before entering long positions. For bearish traders, a drop below $2,347.55 could signal a reversal, but the current momentum favors the bulls. Tight stop losses are recommended.
