🚀 $ETH Technical Analysis May 30, 2025: PRICE AT $2,640.14, BEARISH MOMENTUM WITH POSSIBLE SUPPORT NEARBY ⚠️

📊 Market Insight
• Current Price: 2,640.14 USDT
• Moving Averages (MAs) indicate a bearish shift.
• Volume has decreased to 13.000M, reflecting reduced trading activity amid the decline.
• MACD shows a bearish trend.
• RSI values are neutral.

📊 Important Levels to Watch
🔼 Resistance Levels:
2,714.87 (recent support turned resistance)
2,788.00 (previous high)
2,799.55 (next psychological level)
🔽 Support Levels:
2,557.07 (recent low)
2,545.52 (next support level)
2,500.00 (psychological support)

💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $2,714.87
☑️ Entry Point: $2,720.00 (enter if price breaks above 2,714.87 with bullish momentum confirmation)
🎯 Price Target:
TP1: $2,788.00
TP2: $2,799.55
🛑 Stop Loss: $2,670.00 (below the current price to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 2,714.87, an increase in volume, RSI(6) rising above 60, and a MACD bullish crossover with DIF moving above DEA.

🐻 Bearish Trade Setup: Breakdown below $2,557.07
☑️ Entry Point: $2,550.00 (enter if price breaks below 2,557.07 with bearish momentum confirmation)
🎯 Price Target:
TP1: $2,545.52
TP2: $2,500.00
🛑 Stop Loss (SL): $2,600.00 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 2,557.07, a further drop in volume, RSI(6) falling below 40, and the MACD deepening its bearish trend with DIF dropping further below DEA.

📌 Suggestion to Open Positions Today:
The neutral RSI values and reduced volume suggest a consolidation phase, with potential support near $2,557.07. Traders should monitor for a breakout above $2,714.87 to signal a bullish reversal or a breakdown below $2,557.07 for further downside. Given the current volatility and neutral RSI, cautious position sizing and tight stop losses are recommended.

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