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📊 ETH/USDT Long-Term Analysis Update 🧠
Date Range: Mid-May to Mid-June 2025
Chart Interval: 1 Day (1D)
Current Price: $2,398.09
24h Change: -1.36%
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🔍 Market Overview:
Ethereum has been experiencing significant volatility over the past month. After reaching a local high of $2,879 earlier in June, ETH has retraced and is currently consolidating around the $2,398 level.
🔻 Support Levels:
$2,284 – Critical short-term support, last tested recently.
$2,312 – Previously tested support zone from late May.
🔺 Resistance Levels:
$2,699 – A mid-range resistance acting as a cap after the June rally.
$2,879 – Local top and key level for bulls to reclaim.
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📉 Price Structure:
From the chart:
ETH formed a lower high after peaking at $2,879.
The price is now hovering close to the lower support band.
The current structure suggests a bearish bias in the short term, with a risk of breakdown if $2,284 fails to hold.
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📈 Long-Term Outlook:
While short-term momentum is weak, ETH continues to trade within a wide consolidation zone. Long-term investors may see current levels as potential accumulation zones, especially if the broader market sentiment turns bullish.
🔮 What to Watch:
Price action near the $2,284 support.
A potential bounce back toward $2,699 if buying volume increases.
MACD & RSI indicators (not shown here) could give better insight into trend confirmation.
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📌 Strategy Notes:
Short-term traders: Watch for a breakout or breakdown from current range.
Long-term HODLers: Keep an eye on macro market trends and ETH 2.0 development progress.
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💬 Stay tuned for more updates, and always manage your risk wisely.
📉📈 Trade smart, not just hard!
