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“During times of economic crisis, the market tends to move toward a decline. Do not act without paying attention to market traps. The market can fall at any time. A market drop during times of war tension is a common occurrence. But you can succeed here only if you protect your portfolio. Control your emotions while trading. Believe only in your strategy. Choose to trade only coins that are at support levels — that is the best approach. Share your doubts with me; I will provide solutions.”
“So far, Iran and Israel have not reached any peace agreement. Once again, war tensions are escalating. Stay disciplined. The tense war situation can cause market declines. Preserve your portfolio until your time comes. Avoid entering anything without proper analysis or economic reasoning. Don’t fall into traps. This is the personal opinion of Trade Eagle.”
Please protect your portfolio. There is a high chance the market may fall sharply. Do not enter any trade in the coming days. War tensions are increasing, which may affect the market situation. Take care of your portfolio. DYOR (Do Your Own Research).
Please protect your portfolio. There is a high chance the market may fall sharply. Do not enter any trade in the coming days. War tensions are increasing, which may affect the market situation. Take care of your portfolio. DYOR (Do Your Own Research).
Ethereum is now trading around $2550. Ethereum is forming an inverse head and shoulders pattern on the daily timeframe. So, a possible scenario is that if the price pumps up and breaks out above the neckline and closes above it, then we can see bullish momentum in Ethereum because it is a bullish pattern. Keep an eye on it.
Price Action & Trend: • Current Price: $185.99 (+3.65%) • Recent High: $186.78 • Trend: The price is in a strong uptrend, with higher highs and higher lows. • Support Levels: Likely around $178.99 and $174.59 based on moving averages.
Moving Averages (MAs): • MA(5): 387,019.86 • MA(10): 321,505.10 • Short-term MAs (yellow and pink lines) are sloping upwards and price is above all of them — bullish signal.
Volume: • Volume is relatively high, indicating strong buying interest.
MACD: • DIF (MACD Line): 0.82 • DEA (Signal Line): 0.42 • MACD Histogram: 0.41 (positive and increasing) • The MACD line has crossed above the signal line — bullish crossover, supporting momentum.
RSI (Relative Strength Index): • RSI(6): 84.51 (Overbought) • RSI(12): 72.38 • RSI(24): 65.11 • All RSI values are above 65, with RSI(6) indicating extreme overbought conditions — a potential short-term pullback may occur.
Conclusion: • Bullish Trend in the short term with strong momentum. • Be cautious of a potential pullback or consolidation due to overbought RSI. • If price breaks and holds above $186.78, it could signal a continuation of the rally. • Watch for support around $178.99 in case of a dip.
Let me know if you’d like a trade setup, support/resistance levels, or analysis on another time frame.