🚀 $ETH Technical Analysis June 03, 2025: PRICE BREAKS ABOVE $2,635.94 WITH STRONG BULLISH MOMENTUM 🔥
📊 Market Insight • Current Price: 2,635.94 USDT • Moving Averages (MAs) indicate a bullish trend. • Volume has increased, reflecting significant buying activity. • MACD shows a strong bullish signal. • RSI values are in overbought territory.
📊 Important Levels to Watch 🔼 Resistance Levels: 2,649.91 (recent 24h high) 2,658.98 2,700.00 (psychological resistance) 🔽 Support Levels: 2,592.48 (recent intraday low) 2,525.99 (previous significant support) 2,468.56 (next major support)
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Breakout above $2,649.91 ☑️ Entry Point: $2,650.50 (enter if price breaks above 2,649.91 with bullish momentum confirmation) 🎯 Price Target: TP1: $2,658.98 TP2: $2,700.00 🛑 Stop Loss: $2,640.00 (below the recent support to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above 2,649.91, sustained high volume, RSI(6) remaining above 70, and a MACD bullish crossover with DIF moving further above DEA.
🐻 Bearish Trade Setup: Breakdown below $2,592.48 ☑️ Entry Point: $2,590.00 (enter if price breaks below 2,592.48 with bearish momentum confirmation) 🎯 Price Target: TP1: $2,525.99 TP2: $2,468.56 🛑 Stop Loss (SL): $2,600.00 (above the current support) ⚠️ Confirmation: Watch for a strong bearish candle close below 2,592.48, sustained high volume, RSI(6) falling below 50, and the MACD showing a bearish trend with DIF dropping below DEA.
📌 Suggestion to Open Positions Today: With RSI in overbought territory, traders should be cautious of a potential reversal. Consider entering a bullish position if the price breaks above $2,649.91 with confirmation, but monitor for signs of overextension. For a bearish setup, wait for a clear breakdown below $2,592.48. Use tight stop losses and keep an eye on RSI and volume for momentum shifts.
