ETH/EUR 4H Chart Analysis – May 7, 2025
Current Price: €1,583.88
Trend: Bearish to Neutral
Change (24h): +1.77%
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Key Levels
• Resistance: €1,606 – €1,633
• Support: €1,553 – €1,525
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Indicators
• MACD: Losing bullish momentum. No clear crossover. Bearish divergence forming.
• Bollinger Bands: Price nearing lower band – possible bounce zone but no confirmation yet.
• Volume: Rising red volume = increased selling pressure.
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Pattern & Outlook
• No Head & Shoulders, but the chart shows a rejected breakout at €1,633.
• Likely forming a lower high – a bearish signal unless buyers step in fast.
• If price breaks below €1,553, expect a drop toward €1,525.
• Bullish confirmation only above €1,606 with strong volume.
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Buy/Sell Zones
• Buy Zone (High Risk): €1,525 – €1,553 (watch for bullish candle or bounce)
• Sell/Short Zone: €1,606 – €1,633 (unless broken with volume)
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Caution:
If U.S. regulatory announcements or ETF developments affect ETH, volatility could spike unexpectedly.
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Disclaimer:
This is not financial advice. Do your own research (DYOR) before investing. Crypto markets are volatile, and past performance does not guarantee future results.
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