$ETH Potential Long Entry (Buy):
Entry Point: Above 2,532 (if price can close strongly above recent resistance and MA(99) starts to slope up)
Stop Loss: Around 2,500–2,503 (recent minor support level)
Target 1: 2,550
Target 2: 2,570+
Reason: If the price can break above the MA(99) resistance with volume confirmation, this would signal a potential continuation to the upside.
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$ETH Potential Short Entry (Sell):
Entry Point: Below 2,500 (if price breaks down and closes below this support)
Stop Loss: Around 2,520–2,525 (near MA(7) and resistance zone)
Target 1: 2,475
Target 2: 2,450
Reason: Breakdown below key short-term support with volume would signal weakness and could lead to further downside.
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Summary:
Current bias: Neutral to slightly bullish intraday
For Long: Wait for breakout above 2,532 with volume.
For Short: Wait for breakdown below 2,500.