$ETH
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š Current Snapshot (4H Chart)
Current Price: $2,627.11
Price Change: -0.32%
Last High: $2,712.36
Recent Low: $2,463.00
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š Technical Indicators Overview
š Moving Averages (EMA):
EMA(7) = $2,631.95 (above current price)
EMA(21) = $2,610.58 (near current price)
EMA(50) = $2,577.80 (acting as support)
š” Interpretation: The price is sitting between the short-term (EMA 7) and mid-term (EMA 21) EMAs. It found support above the EMA 50, indicating a possible bullish bounce if support holds.
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š§ Relative Strength Index (RSI):
RSI(6) = 49.98
RSI(40) = 54.70
RSI(60) = 55.45
š” Interpretation: RSI levels are neutral to slightly bullish. No overbought or oversold signals. RSI near 50 suggests a potential for move in either direction ā wait for confirmation.
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š MACD:
MACD Line (DIF): 21.39
Signal Line (DEA): 21.03
MACD Histogram: 0.36
š” Interpretation: Bullish crossover has occurred ā positive histogram and MACD line above signal line indicate potential upward momentum.
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š Support & Resistance Levels
Resistance: $2,712 ā Previous high
Support 1: $2,610 ā EMA(21) / short-term bounce area
Support 2: $2,577 ā EMA(50)
Support 3: $2,463 ā Local low
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ā Trade Plan Ideas
š¼ Bullish Scenario (If price holds above EMA 21 and breaks $2,631):
Entry: $2,635 ā After confirming bounce and close above EMA(7)
Target 1: $2,680
Target 2: $2,712 (recent high)
Stop-loss: $2,600
š½ Bearish Scenario (If price fails to hold $2,610):
Entry: $2,600
Target 1: $2,577 (EMA 50)
Target 2: $2,500 (major support)
Stop-loss: $2,640
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š§ Strategy Tips:
Wait for the next 4H candle confirmation to reduce risk.
Watch volume: stronger volume = stronger signal.
Use trailing stop to protect profits if trade moves in your favor.
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