🚀 $ETH Technical Analysis June 13, 2025: PRICE STANDS AT $2,469.53 WITH STRONG BEARISH MOMENTUM ⚠️
📊 Market Insight • Current Price: 2,469.53 USDT • Moving Averages (MAs) indicate a bearish trend. • Volume has increased to 35.648M over the past period, reflecting heightened market activity amid the sharp decline. • MACD shows a bearish signal. • RSI values are in oversold territory.
📊 Important Levels to Watch 🔼 Resistance Levels: 2,589.36 2,744.89 (next psychological resistance) 2,777.21 (potential extended target if bullish reversal occurs) 🔽 Support Levels: 2,455.03 (current price level acting as immediate support) 2,400.00 2,350.00
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Breakout above $2,589.36 ☑️ Entry Point: $2,595.00 (enter if price breaks above 2,589.36 with bullish momentum confirmation) 🎯 Price Target: TP1: $2,744.89 TP2: $2,777.21 🛑 Stop Loss: $2,580.00 (below the resistance to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above 2,589.36, a surge in volume, RSI(6) rising above 30, and a MACD bullish crossover with DIF continuing to rise above DEA.
🐻 Bearish Trade Setup: Breakdown below $2,455.03 ☑️ Entry Point: $2,450.00 (enter if price breaks below 2,455.03 with bearish momentum confirmation) 🎯 Price Target TP1: $2,400.00 TP2: $2,350.00 🛑 Stop Loss (SL): $2,465.00 (above the current support) ⚠️ Confirmation: Watch for a strong bearish candle close below 2,455.03, a decline in volume, RSI(6) remaining below 30 (oversold territory), and the MACD showing a bearish trend with DIF dropping below DEA.
📌 Suggestion to Open Positions Today: A bullish setup could be considered if the price breaks above $2,589.36 with strong confirmation from volume and indicators, suggesting a potential reversal. For bearish traders, a breakdown below $2,455.03 could offer a short-term entry, though the oversold RSI suggests caution for further downside. Tight stop losses are highly recommended due to significant volatility.
