Long Entry Plan:
Safer Entry (Buy the Dip Strategy):
Entry: $2,590 – $2,600 (pullback area).
Stop Loss: $2,575 (below the breakout level).
Target 1: $2,640 (resistance).
Target 2: $2,695 – $2,725 (next resistance
Chart Status:
Price: $2,617.04 (recent spike + pullback).
Key Resistance: Around $2,640.96.
Support Zone: Around $2,586 – $2,600 (previous consolidation + breakout area).
Moving Averages:
MA(7) and MA(25) are crossing upward — short-term bullish.
Price is above MA(25) and close to MA(99) — a good sign if it holds.
RSI(6): 49.34 — mid-range, room to move up.
Conclusion:
Yes, long position is still valid — ideally if ETH pulls back to $2,590–$2,600 and holds. Otherwise, you can enter small now and add on dips for better average price.