#ETHMarketWatch $ETH

ETH/USDT on Binance, here's a technical analysis and possible strategy to help guide your trading decisions:

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1. Current Price

ETH/USDT = 2,513.79 USDT

Down -1.38%, indicating short-term bearish momentum.

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2. Moving Averages (EMA)

EMA(7): 2,536.12

EMA(21): 2,558.38

EMA(50): 2,538.34

Interpretation:

Price is below all major EMAs, indicating a bearish trend in the short-to-mid term.

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3. Support & Resistance

Support Levels:

2,473.85 USDT

2,386.72 USDT

2,323.21 USDT (strong support zone)

Resistance Levels:

2,564.15 USDT

2,657.76 USDT

2,734.23 USDT (recent high)

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4. Volume

Volume is moderate to declining, suggesting low buying pressure currently.

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5. RSI (Relative Strength Index)

RSI(6): 29.35

Indicates oversold condition (RSI < 30). A bounce might be possible soon.

RSI(14): ~51.27

Neutral overall but showing weakening strength.

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6. MACD (Momentum Indicator)

MACD: -12.14, DIF: -8.50, DEA: 3.64

Strong bearish divergence. Histogram is negative and widening, signaling continuing downward pressure.

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Trading Strategy Ideas

Short-Term Strategy (1–3 days):

Buy Zone: Around 2,473–2,486 USDT (watch for a bounce here with volume confirmation).

Take Profit: 2,538–2,564 USDT range.

Stop Loss: Below 2,450 USDT.

> This is a reversal play based on RSI oversold condition. Riskier, requires tight stop.

Medium-Term Strategy (3–10 days):

Wait for a confirmed breakout above 2,565 USDT with strong volume.

Then long toward 2,657 and 2,734 targets.

Or wait for retest of 2,323 USDT zone for a safer long entry.

Avoid:

Entering long positions without confirmation if price continues to drop with high volume.

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Final Notes:

Keep an eye on BTC movement — ETH follows its lead closely.

Use alerts and trailing stop-loss if entering trades.

Trade with only what you can afford to lose.

Would you like a trading plan table or risk calculator based on your capital amount?