Now we have a long-term ETH/USD chart (for the year). Let's conduct technical analysis considering the overall trend, key levels, and possible scenarios.
📊 1. Overall picture:
Current price: 2754.3 USD
Change for:
1 year: –8.74% 🔻
6 months: –14.43% 🔻
Since the beginning of the year: –17.30% 🔻
1 month: +9.74% 🔼
🔍 Conclusion:
— The long-term trend is still descending, but the last month shows signs of reversal.
📈 2. Technical analysis (1-year timeframe):
🔺 Resistance levels:
~3000–3050 – zone of several failed breakouts (strong resistance)
~3500–3750 – peaks after which a serious decline began
🔻 Support levels:
~2450–2500 – consolidation and retest zone
~1800–2000 – bottom of spring 2025 (strong long-term support)
🔄 3. Current market phase:
After a drop to ~1600 in April–May, ETH reversed and is recovering.
The price has gone above 2500, which is psychologically important.
Currently, Ethereum is testing resistance in the 2750–2800 zone.
📌 4. Scenarios for development:
✅ Bullish:
Successful breakout of the 2800–2850 zone
Next target – 3000–3050, then – 3300
Support holds above 2500
⚠️ Bearish:
Pullback from 2800 to 2450–2500
If they don't hold – again test 2000–2100
💡 5. Trading idea (Swing / Mid-term):
Element Level
🔹 Entry on correction to ~2550–2600
🛑 Stop-loss under 2450
🎯 Take-profit 2850, 3000, partially 3200
📌 Conclusion:
Ethereum has the potential for further growth if it breaks 2800 and holds above. But globally this is still not a trend reversal — just a recovery after the decline. To enter a "bull market", it needs to break and hold 3000–3200.
If you want, I can do a separate analysis on shorter timeframes (1H, 4H, 1D), or build an entry strategy for positional trading?
You said:
Yes
ChatGPT said:
Great! Then let's do a technical analysis on shorter timeframes (1H, 4H, 1D) and build a trading strategy for positional trading on ETH/USD.
🔍 1. 1D (daily chart) – Medium-term picture:
Trend:
Starting from May, a reversal after a deep bottom (~1600–1700) is visible.
Price above the 50-day SMA — a sign of medium-term strength.
Currently, Ethereum has approached the resistance zone 2750–2800, which has previously halted growth.
Key levels:
🟩 Support: 2500, 2360
🟥 Resistance: 2780–2800, 3000
Indicators (recommended to check on TradingView):
RSI (daily): likely already >60 → close to overbought → possible correction
MACD: signal for reversal upwards
⏱️ 2. 4H (4-hour chart) – Operational phase:
Trend:
Clear ascending channel, short-term impulse
The last jump from the zone ~2660 to 2780 — almost vertical movement, possibly on news
Signs:
There is a probability of a pullback to the channel support (~2660) before a new impulse
🔁 3. 1H (hourly chart) – Entry point:
Signals for entering LONG:
After correction to 2650–2680 → confirmation of reversal (bullish engulfing, or candle with large volume)
Volume increases on rising candles — confirmation of trend strength
📈 4. Trading strategy (positional trading 1–3 weeks):
Element Value
✅ Entry 2650–2680 (on pullback with confirmation)
⛔ Stop-loss 2480–2500 (under strong support)
🎯 Take-profit 1 2780–2800 (closer resistance)
🎯 Take-profit 2 3000–3050 (medium-term target)
⚖️ Risk/Reward ≈ 1:2 or 1:2.5 (very good option)
🧠 5. Alternative – if ETH breaks 2800:
Don't chase the price! Wait for a retest from above: breakout → hold → retest → entry
Then the entry is closer to 2820–2840, with a target of 3000–3100
✅ Conclusion:
The trend is changing to ascending, but right now ETH is right near important resistance.
The smartest approach is to enter on corrections or after breaking and holding above 2800.
Keep an eye on volumes, RSI, and candlestick patterns.