$ETH
Based on the ETHUSDT 1-hour chart, here is a brief technical analysis and prediction advice:
📊 ETHUSDT Chart Analysis (1H)
Current Price: $2,627.26
EMA 50 & 200:
EMA 50 (yellow): $2,607.88
EMA 200 (green): $2,559.99
The price is still above both EMAs, indicating that the short-term and medium-term trends are still bullish.
RSI (6):
RSI Value = 25.20 → this indicates an oversold condition → potential short-term rebound.
MACD:
MACD has started to cross down from the signal line → there is a short-term bearish signal.
The histogram has also started to turn red → selling pressure is increasing.
Price Condition:
After touching a peak of $2,711.80, the price has corrected down to around $2,627.
Currently, the price is approaching the EMA50 support ($2,607).
💡 Predictions and Recommendations
📌 Main Scenario: BUY on Support (Short Entry)
Due to the very low RSI (oversold) and the price being close to EMA50, you could try to take a speculative BUY position for a short-term bounce.
📈 ENTRY (Buy): $2,615 – $2,625
🎯 TP (Take Profit): $2,660 – $2,685
🛑 SL (Stop Loss): $2,595
📉 Risk Management 1:2
⚠️ Important Note
If the price consistently breaks and closes below EMA50, it is likely to continue down to EMA200 ($2,560). In this case, consider SELL.
Always pay attention to volume and fundamental news about Ethereum or the crypto market.