๐ $ETH Technical Analysis October 08, 2025: PRICE STANDS AT $4,457.81 WITH BEARISH SHORT-TERM SIGNALS BUT POTENTIAL OVERSOLD REBOUND ๐
๐ Market Insight
โข Current Price: $4,457.81 USDT
โข Moving Averages (EMAs) show mixed signals.
โข Volume is high at $2.03B in 24h (USDT), reflecting significant trading activity amid the pullback.
โข RSI levels indicate approaching oversold conditions on shorter timeframes, pointing to potential exhaustion of selling pressure and room for a bounce.
๐ Important Levels to Watch
๐ผ Resistance Levels:
$4,482.00
$4,514.00
$4,532.00
๐ฝ Support Levels:
$4,410.00
$4,394.00
$4,352.00
๐ก TRADE PLANS:
๐ Bullish Trade Setup: Rebound above $4,482.00
โ๏ธ Entry Point: $4,485.00 (enter if price breaks above $4,482.00 with bullish momentum confirmation)
๐ฏ Price Target:
TP1: $4,514.00
TP2: $4,532.00
๐ Stop Loss: $4,400.00 (below 24h low to manage risk)
โ ๏ธ Confirmation: Look for a strong bullish candle close above $4,482.00, increasing volume, RSI(6) above 40, and positive price action reclaiming short-term EMAs.
๐ป Bearish Trade Setup: Breakdown below $4,410.00
โ๏ธ Entry Point: $4,405.00 (enter if price falls below $4,410.00 with bearish momentum confirmation)
๐ฏ Price Target:
TP1: $4,394.00
TP2: $4,352.00
๐ Stop Loss: $4,420.00 (above recent lows)
โ ๏ธ Confirmation: Watch for a strong bearish candle close below $4,410.00, sustained high volume on downside, RSI(6) below 30, and breakdown below EMA99.
๐ Suggestion to Open Positions Today:
Ethereum has pulled back to $4,457.81, dipping below short-term EMAs after hitting a 24h high of $4,532.00, but itโs holding above key long-term supports with RSI readings around 36. High trading volume suggests volatility, and a rebound toward $4,532.00 is possible. However, a break below $4,410.00 could accelerate downside to $4,352.00. Monitor for RSI divergence and volume shifts before entering trades.
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