Current Price: $2,482.60
24h Change: -1.08%
Support Level: $2,381
Resistance Level: $2,548
Time Frame: 4-Hour Chart (Binance)
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🔍 Technical Overview
Parabolic SAR: Currently indicating a downtrend as the yellow dots are above the candles. The last SAR dot is at $2,454.88, confirming ongoing bearish pressure.
Candlestick Pattern: The last few candles show consistent selling, following a failed bullish attempt near $2,500. Price is hovering just above key support.
Volume Analysis: 24h volume at 304,454 ETH, indicating healthy liquidity but signs of cooling interest on the buying side.
Order Book:
Bid-Ask Spread: Tight spread with major resistance starting at $2,482.60.
Buy/Sell Ratio: Buyers at 29.42%, Sellers at 70.58% — clearly bearish sentiment in the short term.
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📊 Price Performance
Period % Change
Today -1.96%
7 Days -1.51%
30 Days +6.07%
90 Days +35.91%
180 Days -30.66%
1 Year -32.70%
Despite a strong 90-day rally, short-term momentum is weakening.
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📉 Signal Summary
Trend: Bearish
Momentum: Declining
Signal Strength: 🔴 STRONG SELL (Short-term)
Key Level to Watch: If ETH breaks below $2,470, we may revisit $2,381 (June 7th low).
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📌 Trading Strategy
Short-Term Traders:
Consider shorting below $2,470 with a target of $2,400–$2,380.
Place stop-loss above $2,500 to manage risk.
Long-Term Investors:
Avoid fresh entries at this level. Wait for price stabilization or dip toward $2,300 for better risk-reward positioning.
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📣 Note: This signal is based on 4-hour technical analysis. Always conduct your own research and manage risk appropriately.$ETH
