Ethereum (ETH)
Current price and immediate performance
- Current price: $2,575 - $2,596.
- 24-hour change: slight decrease of -0.53%, but up 1.74% over the past week.
- Market capitalization: $312.79 billion, with a daily trading volume of ~ $17.99 billion.
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Key technical indicators
- General trend:
- Moving Averages: Strong "buy" signal (10 buy signals vs. 2 sell signals), especially above the 50-day average ($2,555) and the 200-day average ($2,521).
- Momentum indicators:
- RSI (14): at 58.65 (buy signal), away from overbought areas (above 70).
- MACD: at 7.01 (buy signal), supports continued upward momentum.
- Stochastic RSI: at 68.97 (buy signal).
- Relative strength: alignment between timeframes (daily/4 hours) on the continuation of short-term ascent.
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Potential scenarios for today
- Bullish scenario (60% probability):
- Activation conditions: break of $2,615 with high trading volume.
- Targets: $2,660 → $2,746 → $2,860.
- Indicator support: RSI + MACD + moving averages.
- Bearish scenario (40% probability):
- Activation conditions: break of $2,460 and close below.
- Targets: $2,350 → $2,200 → $2,000.
- Driver: Selling from "whales" or negative news about ETF.
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Instant Trading Recommendations
- For the cautious: wait for a break of 2,615 or 2,460 to confirm the trend.
- For tactical traders:
- Buy at: 2,550 - 2,570 with a stop loss below 2,495.
- Partial sell at: 2,660 (first upward target).
- Risk management: place stop-loss orders below strong support (2,460) due to market volatility.
