🚀 $ETH Technical Analysis June 07, 2025: PRICE STANDS AT $2,496.19 WITH RECOVERING MOMENTUM 🌱
📊 Market Insight
• Current Price: 2,496.19 USDT
• Moving Averages (MAs) indicate a recovery trend.
• Volume has increased moderately, reflecting decent market activity.
• MACD shows a bearish signal.
• RSI values are in neutral territory.
📊 Important Levels to Watch
🔼 Resistance Levels:
2,531.36 (24h high)
2,555.19 (recent high)
2,648.40 (psychological resistance)
🔽 Support Levels:
2,461.99 (recent low)
2,381.49 (significant support from prior drop)
2,368.78 (next significant support)
💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $2,531.36
☑️ Entry Point: $2,535.00 (enter if price breaks above 2,531.36 with bullish momentum confirmation)
🎯 Price Target:
TP1: $2,555.19
TP2: $2,648.40
🛑 Stop Loss: $2,525.00 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 2,531.36, an increase in volume, RSI(6) rising above 70, and a MACD bullish crossover with DIF moving above DEA.
🐻 Bearish Trade Setup: Breakdown below $2,461.99
☑️ Entry Point: $2,460.00 (enter if price breaks below 2,461.99 with bearish momentum confirmation)
🎯 Price Target
TP1: $2,381.49
TP2: $2,368.78
🛑 Stop Loss (SL): $2,470.00 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 2,461.99, sustained high volume, RSI(6) falling below 30 (into oversold territory), and the MACD showing a bearish trend with DIF dropping further below DEA.
📌 Suggestion to Open Positions Today:
The narrowing MACD gap and neutral RSI values indicate a possible stabilization phase. Traders should wait for a clear breakout above $2,531.36 for a bullish setup, targeting $2,648.40, or a breakdown below $2,461.99 for a bearish move. Use tight stop losses to manage risk in this volatile market environment.
