$ETH s recent surge to $2,488.25 raises questions about a potential correction. Let's analyze the situation:
- *Current Price*: $2,488.25
- *RSI*: 82.65, indicating overbought conditions
- *Bollinger Bands*: Price approaching the upper limit ($2,608.13), increasing correction likelihood
- *MACD*: Strong momentum with signs of divergence
*Trading Strategy:*
- *Wait for Correction*: Enter at $2,400-$2,420 using Dollar-Cost Averaging (DCA)
- *Trailing Stop*: Set at $2,420 if already in the market
- *Target*: $2,500-$2,550 for potential profits
- *Scalping Opportunity*: Temporary sell at $2,600 with tight stop loss
*Key Takeaway:* Use DCA and smart stop loss to navigate volatile markets like Ethereum. Do you see the correction as an opportunity or risk?#ETHCrossed2500 #StrategyTrade #BinanceAlphaAlert #AltcoinSeasonComing