๐ Updated: 2025-07-12
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๐ Key Observations:
๐ฐ Current Price: $2,952.29 (-0.44% in 24h)
๐ EMAs:
EMA(7): $2,806.50
EMA(25): $2,617.95
EMA(99): $2,442.78
๐ท Price > All EMAs โ Bullish trend with short-term weakness
๐ RSI(6): 84.61 (๐ฅ Overbought)
๐ Stochastic RSI: 99.38 (๐ฅ Extreme overbought, MA at 99.79)
๐ 24h Range: $2,923.32 (Low) โ $3,040.15 (High)
๐ฅ Volume:
24h ETH: 818,897.98
24h USDT: $2.45B โ Strong but suggests possible distribution.
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๐ Interpretation:
โ Bullish Structure: Price above EMAs shows underlying strength.
โ ๏ธ Exhaustion Signs: Slight drop despite strong volume โ selling pressure.
๐ Overbought Alert: RSI & Stoch RSI near extremes โ pullback risk.
๐ Key Resistance: $3,040.15
๐ป Key Support: $2,923.32 โ EMA(7) at $2,806.50
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๐ฎ Price Prediction:
๐ Short-Term (1โ3 days):
๐ Likely pullback to $2,900โ$2,800 before resuming uptrend.
๐ If $3,040 breaks โ potential rally toward $3,100โ$3,200.
๐ Medium-Term (1โ2 weeks):
๐ท If EMA(7) holds โ bullish momentum can target $3,300โ$3,500.
๐ป Close below EMA(7) โ risk of drop to $2,600 (EMA25).
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๐ช Trade Plan
โจ Scenario 1: Pullback Buy (Optimal)
๐ข Entry: $2,900โ$2,810 (support zone)
๐ด Stop-Loss: $2,790
๐ฏ Take-Profit:
TP1: $3,000
TP2: $3,040
TP3: $3,200
๐ Risk-Reward: ~1:3+
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โจ Scenario 2: Breakout Buy
๐ข Entry: After close above $3,040 with strong volume
๐ด Stop-Loss: $2,980
๐ฏ Take-Profit: $3,200 โ $3,500
โ ๏ธ Only if RSI cools below 70 first (to avoid fakeout).
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โจ Scenario 3: Aggressive Short
๐ด Entry: $3,020โ$3,035 (near resistance + bearish signals)
๐ด Stop-Loss: $3,055
๐ฏ Take-Profit: $2,900 โ $2,810
โ ๏ธ Confirm reversal candlestick (e.g., pin bar, engulfing).
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๐ก๏ธ Risk Management:
๐ Position Size: โค2% of capital per trade
๐ซ Leverage: Max 5x (reduce risk)
๐ Trailing stop if profit >5%
๐ Close longs if EMA(7) breaks with strong volume
๐ Monitor BTC โ ETH usually follows Bitcoinโs lead
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โ Conclusion:
๐ ETH remains bullish, but signs of exhaustion appear near $3,040.
๐ Focus on buying pullbacks ($2,900โ$2,810) for best risk-reward.
๐ Be cautious with longs above $3,000 until RSI cools.
๐ Breakout trades require volume & RSI confirmation.
Trade from here ๐ $ETH