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$ETH Technical Analysis June 28, 2025: PRICE STANDS AT $2,425.85 WITH BEARISH MOMENTUM 📉
📊 Market Insight
• Current Price: 2,425.85 USDT
• Moving Averages (MAs) indicate a bearish shift.
• Volume has decreased, reflecting reduced market activity and potential consolidation or ongoing selling pressure.
• MACD shows a bearish trend.
• RSI values are in the neutral range.
📊 Important Levels to Watch
🔼 Resistance Levels:
2,465.23
2,520.92
2,527.84
🔽 Support Levels:
2,388.29
2,382.53
2,340.02
💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $2,465.23
☑️ Entry Point: $2,467.00 (enter if price breaks above 2,465.23 with bullish momentum confirmation)
🎯 Price Target:
TP1: $2,520.92
TP2: $2,527.84
🛑 Stop Loss: $2,460.00 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 2,465.23, an increase in volume, RSI(6) rising above 55, and MACD showing a bullish crossover with DIF rising above DEA.
🐻 Bearish Trade Setup: Breakdown below $2,388.29
☑️ Entry Point: $2,388.00 (enter if price breaks below 2,388.53 with bearish momentum confirmation)
🎯 Price Target:
TP1: $2,382.53
TP2: $2,340.02
🛑 Stop Loss (SL): $2,390.00 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 2,382.53, a decline in volume, RSI(6) dropping below 45, and the MACD showing a bearish trend with DIF falling further below DEA.
📌 Suggestion to Open Positions Today:
The current price of $2,425.85, down 1.01% from recent levels, and the bearish MACD trend suggest continued downward pressure. The declining volume and neutral RSI indicate a potential consolidation phase, but a break below $2,388.29 could accelerate the bearish trend toward $2,340.02. Conversely, a breakout above $2,465.23 could signal a reversal. Given the mixed indicators and low volume, caution is advised—wait for confirmation signals before entering trades. Tight stop losses are recommended.
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