Analysis for trade $ETH /USDT with entry points:
(Current price: $2543.94, +8.11% in 24h, high volatility)
1. Key levels and market context
- 24h range: $2325.31 (minimum) — $2608.00 (maximum).
- Support:
- $2520–$2530: Critical zone (buy order volume: ~15K–5.7K ETH).
- $2500–$2510: Strong support (volume: ~10.9K–9.3K ETH).
- Resistance:
- $2550–$2560: Nearest barrier (sell order volume: ~7.4K–12.1K ETH).
- $2600–$2608: Key level (maximum in 24h).
Conclusion: Price is testing resistance at $2550 after a sharp rise, but RSI indicates overbought conditions.
2. Balance of power (Order Book)
- Buyers (52.63%):
- Main liquidity: $2500–$2530 (peak: 15.1K ETH at $2530).
- Sellers (47.37%):
- Pressure is concentrated at $2550–$2560 (7.4K–12.1K ETH).
Momentum: Slight dominance of buyers, but resistance is strong.
3. Indicators and trend
- RSI:
- RSI(6): 65.45 (neutral).
- RSI(12/24): 70–71 (overbought).
- MACD:
- DIF (60.34) above DEA (55.13), histogram is positive (5.21).
- Volumes:
- High turnover ($24.31 billion USDT in 24h) — strong liquidity.
Risks:
- Correction to $2520–$2500 is likely due to overbought conditions.
- Breaking $2560 will open the path to $2600–$2650.
4. Scenarios for the trade
🔵 Long (Buy) – Bounce from support
- Conditions:
- Retracement to $2520–$2530 + decrease in sell volumes.
- Closing the candle above $2550.
- Take profits:
- TP1: $2560 (50%),
- TP2: $2600 (30%),
- TP3: $2650 (20%).
- Stop-loss: $2500 (below key support).
🔴 Short (Sell) – Retracement from resistance
- Conditions:
- Bounce from $2550–$2560 + increase in sell volumes.
- Take profits:
- TP1: $2530 (50%),
- TP2: $2500 (30%),
- TP3: $2480 (20%).
- Stop-loss: $2600 (above the maximum).
5. Risk management
- Risk per trade: ≤1.5% of deposit (high volatility).
- R/R:
- Long: 1:3 (support is reliable).
- Short: 1:4 (trend is upward, but RSI is overbought).
6. Summary
- Priority: Cautious long at $2520–$2530 with confirmation of the bounce.
- Short: Only on retracement from $2550 with high volumes.
- Critical factors:
- Monitor volumes at $2550 and $2520.
- Macro factors (Ethereum news, BTC movements).
Recommendations
1. For conservative traders: Wait for correction to $2520 or break of $2560.
2. Aggressive: Partial long entry at $2530 with a stop below $2500.
3. Avoid trades in sideways ($2530–$2550) without a clear momentum.
🔍 Monitoring:
- Large orders at $2520 (buy) and $2550 (sell).
- 4H/1D timeframes for trend confirmation.