๐ $ETH Technical Analysis June 30, 2025: PRICE STANDS AT $2,500.95 WITH BULLISH MOMENTUM ๐
๐ Market Insight
โข Current Price: 2,500.95 USDT
โข Moving Averages (MAs) indicate a bullish trend.
โข Volume has increased to 9,167,039.9, reflecting significant market activity and potential buying pressure.
โข MACD shows a bullish trend.
โข RSI values are in the neutral territory.
๐ Important Levels to Watch
๐ผ Resistance Levels:
2,531.84
2,550.00
2,600.00
๐ฝ Support Levels:
2,481.71
2,431.58 (near MA(25))
2,388.29
๐ก TRADE PLANS:
๐ Bullish Trade Setup: Breakout above $2,531.84
โ๏ธ Entry Point: $2,535.00 (enter if price breaks above 2,531.84 with bullish momentum confirmation)
๐ฏ Price Target:
TP1: $2,550.00
TP2: $2,600.00
๐ Stop Loss: $2,520.00 (below the resistance to manage risk)
โ ๏ธ Confirmation: Look for a strong bullish candle close above 2,531.84, an increase in volume, RSI(6) rising above 70, and MACD showing continued bullish momentum with DIF rising further above DEA.
๐ป Bearish Trade Setup: Pullback below $2,481.71
โ๏ธ Entry Point: $2,475.00 (enter if price drops below 2,481.71 with bearish momentum confirmation)
๐ฏ Price Target:
TP1: $2,431.58
TP2: $2,388.29
๐ Stop Loss (SL): $2,490.00 (above the current support)
โ ๏ธ Confirmation: Watch for a strong bearish candle close below 2,481.71, a decline in volume, RSI(6) dropping below 50, and the MACD showing a bearish trend with DIF falling below DEA.
๐ Suggestion to Open Positions Today:
The strong volume supports the price action, and the RSI is nearing overbought levels, indicating potential for further gains but also a risk of a short-term pullback. A breakout above $2,531.84 could drive the price toward $2,550.00 or higher, while a drop below $2,481.71 might signal a correction. Given the robust bullish indicators, a cautious bullish approach is favored, but tight stop losses are recommended to manage the risk of a reversal. Wait for confirmation signals before entering trades.
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