๐ Ethereum (ETH/USDT) โ Technical Analysis
Date:April 11, 2025
Current Price: $1,558.42
24h Change: -2.17%
24h High/Low:$1,604.46 / $1,486.37
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๐ Market Overview:
- Trend:Ethereum remains in a macro downtrend, trading below key moving averages, indicating continued bearish sentiment.
- Support Levels: Immediate support is observed around $1,500, with stronger support near $1,420.
- Resistance Levels : Resistance is noted at $1,650, followed by $1,720. A break above these levels could signal a potential trend reversal.
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๐ Technical Indicators:
- MACD: Remains in the negative region, suggesting bearish momentum.
- RSI: Hovering near oversold territory, indicating potential for a short-term rebound.
- Moving Averages: ETH is trading below the 20-day EMA, reinforcing the bearish outlook.
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๐ Strategy Insights:
- For Holders: Monitor the $1,500 support level closely. A sustained break below could lead to further declines.
- For Potential Buyers: Await confirmation of a trend reversal, such as a break above $1,650 with increased volume, before considering entry positions.
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Note: Always conduct your own research before making investment decisions.