🚀 $ETH Technical Analysis June 09, 2025: PRICE STANDS AT $2,492.18 WITH BEARISH MOMENTUM ⚠️
📊 Market Insight
• Current Price: 2,492.18 USDT
• Moving Averages (MAs) show a bearish trend.
• Volume has remained steady, reflecting moderate market activity.
• MACD is bearish.
• RSI values are in neutral territory.
📊 Important Levels to Watch
🔼 Resistance Levels:
2,527.31
2,583.99 (significant resistance from prior peak)
2,605.29 (next psychological resistance)
🔽 Support Levels:
2,449.34
2,381.49 (significant support from prior drop)
2,371.36 (psychological support)
💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $2,527.31
☑️ Entry Point: $2,530.00 (enter if price breaks above 2,527.31 with bullish momentum confirmation)
🎯 Price Target:
TP1: $2,583.99
TP2: $2,605.29
🛑 Stop Loss: $2,520.00 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 2,527.31, an increase in volume, RSI(6) rising above 70, and a MACD bullish crossover with DIF moving above DEA.
🐻 Bearish Trade Setup: Breakdown below $2,449.34
☑️ Entry Point: $2,445.00 (enter if price breaks below 2,449.34 with bearish momentum confirmation)
🎯 Price Target
TP1: $2,381.49
TP2: $2,371.36
🛑 Stop Loss (SL): $2,455.00 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 2,449.34, sustained high volume, RSI(6) falling below 30 (into oversold territory), and the MACD showing a bearish trend with DIF dropping below DEA.
📌 Suggestion to Open Positions Today:
$ETH appears to be in a downward trend with potential for further decline unless a reversal occurs. The proximity to the $2,449.34 support level suggests a possible test of this level, while a break above $2,527.31 could signal a bullish reversal. Traders should wait for a clear breakout above $2,527.31 for a bullish setup or a breakdown below $2,449.34 for a bearish move. Use tight stop losses to manage the current volatility.
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