🚀 $ETH Technical Analysis May 31, 2025: PRICE SLIDES TO $2,500 LEVEL, BEARISH TREND WITH SIGNS OF OVERSOLD CONDITIONS ⚠️

📊 Market Insight
• Current Price: 2,509.78 USDT
• Moving Averages (MAs) indicate a bearish trend.
• Volume has increased to 17,415.0544 ETH, suggesting heightened selling activity amid the recent drop.
• MACD shows a bearish trend.
• RSI values indicate oversold conditions.

📊 Important Levels to Watch
🔼 Resistance Levels:
2,574.34 (recent support turned resistance)
2,649.23 (next psychological resistance)
2,688.99 (previous high)
🔽 Support Levels:
2,475.33 (recent low)
2,459.69 (next support level)
2,400.00 (psychological support)

💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $2,574.34
☑️ Entry Point: $2,580.00 (enter if price breaks above 2,574.34 with bullish momentum confirmation)
🎯 Price Target:
TP1: $2,649.23
TP2: $2,688.99
🛑 Stop Loss: $2,550.00 (below the current resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 2,574.34, an increase in volume, RSI(6) rising above 40, and a MACD bullish crossover with DIF moving above DEA.

🐻 Bearish Trade Setup: Breakdown below $2,475.33
☑️ Entry Point: $2,470.00 (enter if price breaks below 2,475.33 with bearish momentum confirmation)
🎯 Price Target:
TP1: $2,459.69
TP2: $2,400.00
🛑 Stop Loss (SL): $2,500.00 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 2,475.33, sustained high volume, RSI(6) falling below 30, and the MACD deepening its bearish trend with DIF dropping further below DEA.

📌 Suggestion to Open Positions Today:
The bearish MACD and MA trends indicate caution for bullish setups. Traders should watch for a breakout above $2,574.34 to confirm a bullish move, or a breakdown below $2,475.33 for further downside. Given the oversold RSI and market volatility, use cautious position sizing and tight stop losses to manage risk effectively.

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