📊 Ethereum ($ETH) Technical Snapshot#MyCOSTrade #CircleIPO
Here’s what the current $ETH setup looks like as of today:
🔸 Key Resistance & Moving Average
Ethereum is facing strong resistance around $2,545, aligning with the 99-day moving average—a critical technical level that has historically triggered significant market reactions.
🔸 Momentum Indicators
MACD is clearly bullish:
DIF line at 7.05 is above the DEA at 0.92, with the histogram widening at 6.14.
This confirms a strong upward trend.
RSI is at 68, nearing the overbought zone (70). A break above this level could spark a short-term pullback.
🔸 Two Probable Scenarios
✅ Bullish (60% probability):
A clean breakout above $2,545, supported by strong volume, could push $ETH to $2,565 (today’s peak) and then to $2,580.
⚠️ Bearish (40% probability):
If $ETH breaks down between $2,545–$2,517 (immediate support), expect a correction toward $2,488 or $2,472 within 24 hours.
🔸 Trade Strategy
Buy Setup:
Entry: $2,517–$2,520 (support zone)
Condition: Look for MACD bounce or bullish reversal signal
Stop-loss: $2,488
Take-profit: $2,565
Short-Term Sell/Short:
Entry: $2,545–$2,546
Condition: RSI crosses above 70 (overbought)
Stop-loss: $2,552
🚫 Avoid:
Longs at $2,545 unless there's a confirmed breakout (especially if RSI is already overbought).
🛡️ Safety Strategy:
Buy on pullback to $2,520, take profit near $2,565.
If $2,545 breaks with RSI under 70, ride the bullish trend.
📍 Summary:
Ethereum is showing strong momentum, but the RSI nearing overbought territory requires caution. Watch the $2,545 resistance and $2,517 support zones closely—they’re today’s pivot points.
#ETH #Binance #CryptoTrading #Eloum #Micomerciocos #Ethereum
