📊 Daily Technical Analysis — ETH/USDT
🔴 Resistances
• $ETH 2,788.00: This is the main resistance at the top of the chart. Several candles tested this zone and retreated, indicating strong selling pressure in this price range.
• Range of 2,700.00 to 2,750.00: Also appears as an intermediate resistance zone, being tested several times in recent candles.
🟢 Supports
• $ETH 2,575.00: This is the main support zone marked on the chart, where there was a good base of previous candles.
• 2,328.64 (EMA 50): Important level of dynamic support represented by the 50-period exponential average, which tends to hold declines if the price breaks the static support.
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🟡 Moving Averages
• EMA 50 (2,328.64): Red line on the chart. Important dynamic support.
• Yellow Moving Average: The MA20, helping to identify short-term trends (maintaining a bullish bias while it is below the price).
• The red and yellow lines are pointing upwards, confirming a short to medium-term bullish trend, but the price is consolidating.
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🟣 Volume
• The daily volume shows a slight decrease in the last bars — typical of consolidation before a strong directional movement.
• A sudden increase in volume may indicate the direction of the breakout (upwards or downwards).
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💡 Possible Entry and Exit Zones for Day Trading
📈 Entry (buy):
• Support zone 2,575.00: A reversal candle or support confirmation may be a good entry.
• Retest of the moving average (EMA50) around 2,328.00: If the price pulls back there, it could be an entry with a short stop.
📉 Exit (sell):
• Region of 2,788.00: Strong resistance. If the price reaches there and forms rejection (long upper shadow or reversal candle), it may be good to take partial or total profit.
• Stop Loss: Below 2,575.00 (ideally a bit lower, to avoid being taken out by market noise).
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🔎 Conclusion
• ETH is in an uptrend on the daily chart, but is currently consolidating between 2,575.00 (support) and 2,788.00 (resistance).
• Suggested entry: Buy in the region of 2,575.00, with a partial target at 2,750.00 and a final target at 2,788.00.
• Suggested stop: Below 2,500.00 to protect against false breakouts.
• Suggested sell: If the price approaches 2,788.00 and shows signs of reversal or decreasing volume.