$ETH

Conclusion: Bearish Trend Projection

ETHUSDT is currently in a bearish trend, with technical indicators pointing to further downside potential. The MACD, volume, and price action below key support levels suggest that sellers remain in control. While the RSI is neutral, it is closer to oversold territory, indicating that a short-term bounce could occur but is not guaranteed.

Recommendations

Scenario 1: If You Own ETHUSDT

Action: Consider reducing your position or exiting entirely.

Exit Price: Current price ($2563.64) or on a break below the first Fibonacci support level ($2429.689).

Stop Loss: Place a stop loss at $2650 (just above the pivot level of $2619.822) to protect against a potential reversal.

Re-Entry Point: If ETHUSDT reverses and breaks above $2809.955 (R1), consider re-entering for a potential bullish move.

Scenario 2: If You Do Not Own ETHUSDT

Action: Avoid immediate entry at current levels due to bearish momentum. Instead, wait for a clearer signal.

Entry Price: Consider entering near the S1 support level ($2429.689) if the price shows signs of stabilization or a reversal (e.g., bullish candlestick patterns or RSI divergence).

Stop Loss: Place a stop loss at $2310 (below S2) to limit downside risk.

Take Profit Targets: Target $2619.822 (pivot) for a short-term trade or $2809.955 (R1) for a more aggressive target.

Summary

ETHUSDT is currently bearish, with strong selling pressure and downside momentum. For current holders, reducing exposure or exiting is prudent, while potential buyers should wait for a lower entry point near support levels. Any bullish reversal would require a break above $2619.822 (pivot) and $2809.955 (R1) to confirm a shift in trend.