🚀 Ethereum (ETH/USDT) Technical Analysis – Breakout or Bull Trap?
📅 Daily Chart – May 30, 2025 💰 Current Price: $2,548 📉 24h Change: -3.15%
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📊 Chart Summary:
Ethereum just completed a strong bounce from the $2,000 support zone and is now consolidating near $2,500, a key level.
🔸 The previous downtrend (Feb–April) has been broken 🔸 Volume increased during the breakout – bullish signal 🔸 Market structure is shifting towards higher highs & higher lows
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🔍 Key Levels to Watch:
Support Zones: 🟢 $2,300 – Local support from recent breakout 🟢 $2,000 – Psychological & historical support
If ETH holds above $2,500, we could see a move toward $2,700–$2,900 in the coming days. But if bulls fail to push further, $2,300 retest is very likely.
We’re at a decision point — accumulation or distribution?
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🔥 What Do You Think?
📈 Is ETH gearing up for another leg up? 📉 Or is this just a classic bull trap?
👇 Drop your thoughts in the comments & follow for daily crypto alpha!
#PriceOutlook: BTC is currently trading around $104,000, down 1.5% on the day. After a strong bullish rally in May, price is now facing resistance and showing signs of short-term consolidation or correction.
#TechnicalLevels: 🔸 Immediate Support: $100,000 (psychological + minor structure support) 🔸 Strong Support Zone: $92,000–$94,000 🔸 Resistance Zone: $110,000–$112,000 🔸 RSI (1D): Near 60 – cooling off from overbought zone 🔸 Volume: Slight decrease, suggesting reduced buying momentum
#PriceStructure: • After a breakout in early May, BTC made a higher high. • Now it's forming a potential local top, and retracement to support zones is possible before the next leg up. • The uptrend remains intact as long as price stays above $92K–94K zone.
#NextCatalysts: 🔹 US Jobs Report (NFP) – June 7 🔹 FOMC Meeting – June 12 🔹 Bitcoin ETF inflow updates – Strong impact expected 🔹 Whale Activity Watch: Some profit-booking detected around $105K+
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🚀 Conclusion: BTC is bullish long-term, but short-term a pullback is likely. Keep an eye on $100K support and $110K resistance for key trade setups.