๐จ $ETH /USDT โ Tight Range, Breakout Brewing? ๐
#Ethereum is holding ground at $2,513.35, down slightly (-0.34%), but price action is coiling near key MAs. Momentum is flat, but a squeeze setup may be forming. Letโs dive in. ๐ง โ๏ธ
๐ Market Snapshot
๐ Current Price: $2,513.35
๐ 24h High: $2,526.66
โ๏ธ 24h Low: $2,487.95
๐ 24h Volume:
ETH: 154,244.69
USDT: $387.28M
๐ Live Vol: 3,537.08 ETH
๐งฎ Moving Averages:
MA(7): $2,513.16
MA(25): $2,512.54
MA(99): $2,538.52
๐ Trading right at short-term MAs = indecision zone
๐ Key Technical Levels
๐ Support Zones:
$2,488
$2,475
$2,417
$2,360 (major structure support)
๐ Resistance Zones:
$2,527 (24h high)
$2,538 (MA99)
$2,590+ (bullish momentum confirmation)
๐ฏ Trade Setups to Watch
Bullish Play โ Break above $2,528 with confirmation:
Entry: $2,530
Targets: $2,565 / $2,590
Stop: Below $2,488
Bearish Play โ Loss of $2,488 and $2,475 support:
Entry: Below $2,475
Targets: $2,440 / $2,417
Stop: Above $2,515
๐ Momentum Indicators
โ ๏ธ MACD: Flat-line, no strong signal yet
โ ๏ธ RSI: Hovering mid-range
๐จ Volume: Stable but needs expansion for breakout
๐ก Price Compression = Watch for volatility surge
๐ฃ Final Thoughts
ETH is coiling just beneath the MA(99) and prior resistance. A breakout over $2,530 with volume could trigger a fast run. However, failure to hold $2,475 might invite deeper downside.
๐ง Patience here pays. Let the breakout confirm.
๐ฌ Comment โETHโ if you're watching this range!