The cryptocurrency market, including Ethereum (ETH), is highly volatile, so recommendations should be taken cautiously and based on personal analysis and proper risk management. Based on recent analyses from web sources and X posts, here's an overview of potential recommendations for trading Ethereum (ETH/USD) this week (June 15-21, 2025):
Technical Analysis and Recommendations:
1 Current Trend:
◦ Posts on X indicate that Ethereum is in a sideways (accumulation) zone on the weekly timeframe, with a potential explosive upward movement soon. There are signals of breaking the 200-day moving average, supporting the bullish outlook.
◦ The critical support level is around $2445, and if broken, the price might head towards $2106. On the other hand, if the bullish momentum continues, potential targets range between $2855-$2900, with the possibility of reaching $4100 if the sideways resistance is broken.
2 Technical Indicators:
◦ The RSI (Relative Strength Index) on the daily timeframe has reset, indicating potential new bullish momentum. Additionally, the RSI on the weekly timeframe is above 50, a positive signal for the first time since January 2025.
◦ The MACD indicator shows a positive crossover and positive divergence on the daily timeframe, supporting the bullish outlook.
◦ Key support levels: $2421-$2445. Resistance levels: $2855, $2900, and $4100.
3 Fundamental Factors:
◦ ETF inflows into Ethereum exceeded $295 million this week, reflecting strong demand.
◦ The anticipated Pectra upgrade will enhance scalability and increase demand for staking, which may support prices.
◦ Easing SEC investigations into DeFi and staking could boost market confidence.
◦ Ethereum's correlation with Bitcoin is strong, so Bitcoin movements (expected to reach $118,000-$120,000) may support Ethereum's rise.
Trading Recommendations for This Week:
• Long Buying Strategy:
◦ Entry Point: When testing the support level $2421-$2445 with confirmation of bullish signals (like a strong bounce or breaking resistance at $2760).
◦ Targets: $2855 (first target), $2900 (second target), and $4100 (long-term target).
◦ Stop Loss: Below $2400 to avoid losses in case of a support break.
◦ Reason: The bullish momentum is supported by positive technical indicators and strong investment flows.
• Short Selling Strategy:
◦ Entry Point: If the price fails to break the resistance at $2855 or shows bearish signals (like breaking support at $2445).
◦ Targets: $2106 (first target), with the possibility of a deeper correction to $1900.
◦ Stop Loss: Above $2900 to limit risks.
◦ Reason: Correction possibility if the market fails to maintain bullish momentum.
• Risk Management:
◦ Use low leverage (1:2 or 1:5) due to the volatility of the cryptocurrency market.
◦ Don't invest more than you can afford to lose, and allocate a small portion of your portfolio to cryptocurrencies.
◦ Watch for economic news, especially CPI (Consumer Price Index) data on Wednesday, as it may affect the market.
Additional Tips:
• Use Reliable Platforms: Choose licensed brokers like Binance, Coinbase, or AvaTrade to trade ETH, ensuring regulation from trusted bodies (like ASIC or FSCA).
• Trading via Contracts for Difference (CFDs): Allows leveraged trading without needing a digital wallet, but carries high risks. Make sure you understand how CFDs work.
• Monitor external events: Political or economic events may impact the market, so be prepared for sudden fluctuations.
Warning:
• The cryptocurrency market is fraught with risks, and losses may exceed invested capital.
• Don't rely solely on recommendations without doing your own analysis. Use a demo account to test strategies first.
• I do not provide direct investment advice; rather, these are analyses based on available data. Consult a financial expert if necessary.
If you need deeper analysis or clarification on a specific strategy, let me know!
