Afridi Afridi
Open Trade
High-Frequency Trader
2 Years
83 Following
60 Followers
171 Liked
8 Shared
Posts
Quotes
#eos
Unlock $5,000 in EOS Rewards with Binance EOS Terminal!
Binance has launched an exciting opportunity for traders to earn a share of $5,000 in EOS rewards through its latest campaign on Binance Square.
To participate, all you need to do is:
1. Trade at least $20 worth of EOS on Binance Spot.
2. Share your trade via the EOS Terminal on Binance Square with a caption of at least 100 characters and include the hashtag #MyEOSTrade.
3. For bonus rewards, share a screenshot of your trade performance on X (formerly Twitter) and submit your post through the provided link.
This campaign is open until May 24, 23:59 UTC, so don’t miss your chance to showcase your trades and earn rewards.
Start trading, start sharing, and start winning—only on Binance!
!
Unlock $5,000 in EOS Rewards with Binance EOS Terminal!
Binance has launched an exciting opportunity for traders to earn a share of $5,000 in EOS rewards through its latest campaign on Binance Square.
To participate, all you need to do is:
1. Trade at least $20 worth of EOS on Binance Spot.
2. Share your trade via the EOS Terminal on Binance Square with a caption of at least 100 characters and include the hashtag #MyEOSTrade.
3. For bonus rewards, share a screenshot of your trade performance on X (formerly Twitter) and submit your post through the provided link.
This campaign is open until May 24, 23:59 UTC, so don’t miss your chance to showcase your trades and earn rewards.
Start trading, start sharing, and start winning—only on Binance!
!
My Trading Position on LAYER/USDT
In the last 24 hours, my focus has been on the LAYER/USDT trading pair. The chart shows slight volatility with a notable peak followed by gradual corrections. I took a position during the dip, anticipating a bounce near the previous resistance level. Given the market sentiment and price trend, I’m monitoring for short-term gains while managing risk with tight stop-losses. This position aligns with my strategy of scalping minor trends in altcoins. I remain cautious, watching volume and momentum indicators for confirmation before adjusting my entry or exit. Real-time analysis is key in this volatile market.
In the last 24 hours, my focus has been on the LAYER/USDT trading pair. The chart shows slight volatility with a notable peak followed by gradual corrections. I took a position during the dip, anticipating a bounce near the previous resistance level. Given the market sentiment and price trend, I’m monitoring for short-term gains while managing risk with tight stop-losses. This position aligns with my strategy of scalping minor trends in altcoins. I remain cautious, watching volume and momentum indicators for confirmation before adjusting my entry or exit. Real-time analysis is key in this volatile market.
LAYER/USDT
still not in trading position 😞
Today's PNL
2025-05-16
-$0
-0.36%
#EthereumSecurityInitiative
#EthereumSecurityInitiative: Strengthening the Future of Web3
Ethereum has launched the Ethereum Security Initiative (ESI), a groundbreaking program aimed at boosting the security of its rapidly expanding ecosystem. As decentralized finance (DeFi) and Web3 applications grow, so do the threats. ESI brings together researchers, developers, and auditors to collaborate on best practices, tools, and proactive threat detection.
The initiative focuses on building open-source security frameworks, funding audits, and improving smart contract safety. With Ethereum at the heart of the decentralized internet, ESI ensures that innovation is matched with resilience. It’s a crucial step toward a more secure and trustworthy blockchain future.
#EthereumSecurityInitiative: Strengthening the Future of Web3
Ethereum has launched the Ethereum Security Initiative (ESI), a groundbreaking program aimed at boosting the security of its rapidly expanding ecosystem. As decentralized finance (DeFi) and Web3 applications grow, so do the threats. ESI brings together researchers, developers, and auditors to collaborate on best practices, tools, and proactive threat detection.
The initiative focuses on building open-source security frameworks, funding audits, and improving smart contract safety. With Ethereum at the heart of the decentralized internet, ESI ensures that innovation is matched with resilience. It’s a crucial step toward a more secure and trustworthy blockchain future.
#MastercardStablecoinCards
#MastercardStablecoinCards: Bridging Crypto and Traditional Finance
Mastercard is taking a bold step into the future of finance with its Stablecoin Cards initiative. By integrating stablecoins into everyday payment systems, users can now spend their digital assets seamlessly across millions of merchants worldwide. These cards convert stablecoins like USDC or USDT into fiat at the point of sale, offering stability and instant settlements. This move enhances crypto adoption by combining the reliability of traditional finance with the innovation of blockchain. Mastercard’s initiative marks a pivotal shift toward a more inclusive, digital financial ecosystem. The future of spending is getting smarter and more stable.
#MastercardStablecoinCards: Bridging Crypto and Traditional Finance
Mastercard is taking a bold step into the future of finance with its Stablecoin Cards initiative. By integrating stablecoins into everyday payment systems, users can now spend their digital assets seamlessly across millions of merchants worldwide. These cards convert stablecoins like USDC or USDT into fiat at the point of sale, offering stability and instant settlements. This move enhances crypto adoption by combining the reliability of traditional finance with the innovation of blockchain. Mastercard’s initiative marks a pivotal shift toward a more inclusive, digital financial ecosystem. The future of spending is getting smarter and more stable.
#BinancePizza
Based on the chart for ACM/USDT on Binance (1-hour timeframe), here’s a quick article plus analysis of the recent market movement:
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ACM/USDT Price Surge: What's Behind the Spike?
May 16, 2025 — Crypto News Update
ACM (AC Milan Fan Token) has posted a dramatic price spike in the past 24 hours, soaring 27.93% to $1.145 USDT. The token surged from a low of $0.881 to a high of $1.638, before settling slightly above the $1.10 mark. This sudden movement has caught the attention of traders and fan token enthusiasts alike.
---
Technical Analysis
1. Bullish Breakout: The chart reveals a strong bullish breakout with a large green candlestick pushing through key resistance levels. The price briefly peaked at $1.638, marking a 24h gain of over 85% at its high.
2. Exponential Moving Averages (EMA):
EMA(9): 1.106
EMA(20): 1.037
The short-term EMA(9) has crossed above EMA(20), indicating a bullish crossover—a common signal of upward momentum.
3. RSI (Relative Strength Index):
RSI(6): 67.726
Based on the chart for ACM/USDT on Binance (1-hour timeframe), here’s a quick article plus analysis of the recent market movement:
---
ACM/USDT Price Surge: What's Behind the Spike?
May 16, 2025 — Crypto News Update
ACM (AC Milan Fan Token) has posted a dramatic price spike in the past 24 hours, soaring 27.93% to $1.145 USDT. The token surged from a low of $0.881 to a high of $1.638, before settling slightly above the $1.10 mark. This sudden movement has caught the attention of traders and fan token enthusiasts alike.
---
Technical Analysis
1. Bullish Breakout: The chart reveals a strong bullish breakout with a large green candlestick pushing through key resistance levels. The price briefly peaked at $1.638, marking a 24h gain of over 85% at its high.
2. Exponential Moving Averages (EMA):
EMA(9): 1.106
EMA(20): 1.037
The short-term EMA(9) has crossed above EMA(20), indicating a bullish crossover—a common signal of upward momentum.
3. RSI (Relative Strength Index):
RSI(6): 67.726
#LaunchpadWars
The BTC/USDT chart on the 8-hour timeframe shows a recent downward movement, with the price at $102,208.06, down 1.43%. The 9 EMA (green) has crossed below the 20 EMA (purple), indicating a potential bearish trend. The Relative Strength Index (RSI) is at 34.67, approaching oversold territory, which may signal a reversal or continued selling pressure. The price has dropped near a support level around $100,966. A break below this could lead to further downside toward $98,229. Traders should watch for volume confirmation and EMA behavior for short-term trend direction. Caution is advised due to the bearish indicators forming.
$BTC
The BTC/USDT chart on the 8-hour timeframe shows a recent downward movement, with the price at $102,208.06, down 1.43%. The 9 EMA (green) has crossed below the 20 EMA (purple), indicating a potential bearish trend. The Relative Strength Index (RSI) is at 34.67, approaching oversold territory, which may signal a reversal or continued selling pressure. The price has dropped near a support level around $100,966. A break below this could lead to further downside toward $98,229. Traders should watch for volume confirmation and EMA behavior for short-term trend direction. Caution is advised due to the bearish indicators forming.
$BTC
$BTC
The BTC/USDT chart on the 8-hour timeframe shows a recent downward movement, with the price at $102,208.06, down 1.43%. The 9 EMA (green) has crossed below the 20 EMA (purple), indicating a potential bearish trend. The Relative Strength Index (RSI) is at 34.67, approaching oversold territory, which may signal a reversal or continued selling pressure. The price has dropped near a support level around $100,966. A break below this could lead to further downside toward $98,229. Traders should watch for volume confirmation and EMA behavior for short-term trend direction. Caution is advised due to the bearish indicators forming.
The BTC/USDT chart on the 8-hour timeframe shows a recent downward movement, with the price at $102,208.06, down 1.43%. The 9 EMA (green) has crossed below the 20 EMA (purple), indicating a potential bearish trend. The Relative Strength Index (RSI) is at 34.67, approaching oversold territory, which may signal a reversal or continued selling pressure. The price has dropped near a support level around $100,966. A break below this could lead to further downside toward $98,229. Traders should watch for volume confirmation and EMA behavior for short-term trend direction. Caution is advised due to the bearish indicators forming.
#CryptoRegulation
The BTC/USDT chart on the 8-hour timeframe shows a recent downward movement, with the price at $102,208.06, down 1.43%. The 9 EMA (green) has crossed below the 20 EMA (purple), indicating a potential bearish trend. The Relative Strength Index (RSI) is at 34.67, approaching oversold territory, which may signal a reversal or continued selling pressure. The price has dropped near a support level around $100,966. A break below this could lead to further downside toward $98,229. Traders should watch for volume confirmation and EMA behavior for short-term trend direction. Caution is advised due to the bearish indicators forming.
The BTC/USDT chart on the 8-hour timeframe shows a recent downward movement, with the price at $102,208.06, down 1.43%. The 9 EMA (green) has crossed below the 20 EMA (purple), indicating a potential bearish trend. The Relative Strength Index (RSI) is at 34.67, approaching oversold territory, which may signal a reversal or continued selling pressure. The price has dropped near a support level around $100,966. A break below this could lead to further downside toward $98,229. Traders should watch for volume confirmation and EMA behavior for short-term trend direction. Caution is advised due to the bearish indicators forming.
$BTC
BTC/USDT Price Analysis (May 14, 2025)
Current Price: ₹103,449.04
24h Change: +0.63%
24h High: ₹104,976.25
24h Low: ₹102,540.18
Timeframe: 1 Hour
Exchange: Binance
Technical Overview:
BTC/USDT recently experienced a local high near ₹104,976 before pulling back to the current level around ₹103,449. This correction has brought the price just below the 20-period Exponential Moving Average (EMA20), currently at ₹103,740.84, while the 9-period EMA (EMA9) sits slightly higher at ₹103,762.60.
The EMA crossover—where EMA9 is starting to dip below EMA20—may indicate weakening short-term momentum, hinting at a possible bearish shift in the hourly trend.
Support and Resistance Levels:
Immediate Resistance: ₹103,740 (EMA20)
Stronger Resistance: ₹104,976 (Recent high)
Immediate Support: ₹102,812
Major Support Zone: ₹101,429 (Recent swing low)
Relative Strength Index (RSI):
The 6-period RSI is at 32.29, approaching the oversold region. This suggests that while bearish momentum is picking up, the price may soon hit a support level or experience a relief bounce.
Market Sentiment:
Current sentiment appears cautious. The price is consolidating after a strong upward move, and selling pressure has slightly increased. If the price breaks below ₹102,812, it could trigger further downside. However, holding above this level could indicate a potential reversal.
BTC/USDT Price Analysis (May 14, 2025)
Current Price: ₹103,449.04
24h Change: +0.63%
24h High: ₹104,976.25
24h Low: ₹102,540.18
Timeframe: 1 Hour
Exchange: Binance
Technical Overview:
BTC/USDT recently experienced a local high near ₹104,976 before pulling back to the current level around ₹103,449. This correction has brought the price just below the 20-period Exponential Moving Average (EMA20), currently at ₹103,740.84, while the 9-period EMA (EMA9) sits slightly higher at ₹103,762.60.
The EMA crossover—where EMA9 is starting to dip below EMA20—may indicate weakening short-term momentum, hinting at a possible bearish shift in the hourly trend.
Support and Resistance Levels:
Immediate Resistance: ₹103,740 (EMA20)
Stronger Resistance: ₹104,976 (Recent high)
Immediate Support: ₹102,812
Major Support Zone: ₹101,429 (Recent swing low)
Relative Strength Index (RSI):
The 6-period RSI is at 32.29, approaching the oversold region. This suggests that while bearish momentum is picking up, the price may soon hit a support level or experience a relief bounce.
Market Sentiment:
Current sentiment appears cautious. The price is consolidating after a strong upward move, and selling pressure has slightly increased. If the price breaks below ₹102,812, it could trigger further downside. However, holding above this level could indicate a potential reversal.
#TradeLessons
BTC/USDT Analysis – May 13, 2025
Current Price: $102,657.06
24h High / Low: $105,819.45 / $100,718.37
Volume (24h): 31,853.68 BTC / 3.29B USDT
Price Change: -1.26% (pullback after recent highs)
Technical Indicators:
EMA(9): $102,876.55 (green)
EMA(20): $102,841.97 (purple)
RSI(6): 46.09 (neutral/slightly bearish)
Chart Analysis (4H Timeframe): Bitcoin recently hit a local high of $105,819.45 before pulling back to its current price around $102,657. The chart shows a bearish crossover, where the 9-period EMA has dropped below the 20-period EMA, indicating short-term downward momentum.
The price is currently below both EMAs, showing selling pressure. A series of lower highs and red candles confirms a short-term correction phase after the rally from ~$95,784.
Key Observations:
Bearish EMA Crossover: Indicates weakening bullish momentum.
RSI Neutral Zone (46): No strong divergence; still room for both downside and recovery.
Support Level: Around $101,905 – being tested.
Resistance Zone: $104,113 – prior support now flipped.
Support and Resistance:
Immediate Support: $101,905
Major Support Zones: $99,698 and $97,490
Resistance Levels: $104,113 and $105,819
Conclusion: BTC/USDT appears to be in a short-term corrective phase following its push past $105K. The bearish EMA crossover and neutral RSI suggest caution. A breakdown below $101.9K could trigger further downside toward $99.6K or $97.4K. Conversely, if BTC holds this support and climbs back above the EMAs, it may retest $104K and $105K.
BTC/USDT Analysis – May 13, 2025
Current Price: $102,657.06
24h High / Low: $105,819.45 / $100,718.37
Volume (24h): 31,853.68 BTC / 3.29B USDT
Price Change: -1.26% (pullback after recent highs)
Technical Indicators:
EMA(9): $102,876.55 (green)
EMA(20): $102,841.97 (purple)
RSI(6): 46.09 (neutral/slightly bearish)
Chart Analysis (4H Timeframe): Bitcoin recently hit a local high of $105,819.45 before pulling back to its current price around $102,657. The chart shows a bearish crossover, where the 9-period EMA has dropped below the 20-period EMA, indicating short-term downward momentum.
The price is currently below both EMAs, showing selling pressure. A series of lower highs and red candles confirms a short-term correction phase after the rally from ~$95,784.
Key Observations:
Bearish EMA Crossover: Indicates weakening bullish momentum.
RSI Neutral Zone (46): No strong divergence; still room for both downside and recovery.
Support Level: Around $101,905 – being tested.
Resistance Zone: $104,113 – prior support now flipped.
Support and Resistance:
Immediate Support: $101,905
Major Support Zones: $99,698 and $97,490
Resistance Levels: $104,113 and $105,819
Conclusion: BTC/USDT appears to be in a short-term corrective phase following its push past $105K. The bearish EMA crossover and neutral RSI suggest caution. A breakdown below $101.9K could trigger further downside toward $99.6K or $97.4K. Conversely, if BTC holds this support and climbs back above the EMAs, it may retest $104K and $105K.
$BTC
BTC/USDT Analysis – May 13, 2025
Current Price: $102,657.06
24h High / Low: $105,819.45 / $100,718.37
Volume (24h): 31,853.68 BTC / 3.29B USDT
Price Change: -1.26% (pullback after recent highs)
Technical Indicators:
EMA(9): $102,876.55 (green)
EMA(20): $102,841.97 (purple)
RSI(6): 46.09 (neutral/slightly bearish)
Chart Analysis (4H Timeframe): Bitcoin recently hit a local high of $105,819.45 before pulling back to its current price around $102,657. The chart shows a bearish crossover, where the 9-period EMA has dropped below the 20-period EMA, indicating short-term downward momentum.
The price is currently below both EMAs, showing selling pressure. A series of lower highs and red candles confirms a short-term correction phase after the rally from ~$95,784.
Key Observations:
Bearish EMA Crossover: Indicates weakening bullish momentum.
RSI Neutral Zone (46): No strong divergence; still room for both downside and recovery.
Support Level: Around $101,905 – being tested.
Resistance Zone: $104,113 – prior support now flipped.
Support and Resistance:
Immediate Support: $101,905
Major Support Zones: $99,698 and $97,490
Resistance Levels: $104,113 and $105,819
Conclusion: BTC/USDT appears to be in a short-term corrective phase following its push past $105K. The bearish EMA crossover and neutral RSI suggest caution. A breakdown below $101.9K could trigger further downside toward $99.6K or $97.4K. Conversely, if BTC holds this support and climbs back above the EMAs, it may retest $104K and $105K.
BTC/USDT Analysis – May 13, 2025
Current Price: $102,657.06
24h High / Low: $105,819.45 / $100,718.37
Volume (24h): 31,853.68 BTC / 3.29B USDT
Price Change: -1.26% (pullback after recent highs)
Technical Indicators:
EMA(9): $102,876.55 (green)
EMA(20): $102,841.97 (purple)
RSI(6): 46.09 (neutral/slightly bearish)
Chart Analysis (4H Timeframe): Bitcoin recently hit a local high of $105,819.45 before pulling back to its current price around $102,657. The chart shows a bearish crossover, where the 9-period EMA has dropped below the 20-period EMA, indicating short-term downward momentum.
The price is currently below both EMAs, showing selling pressure. A series of lower highs and red candles confirms a short-term correction phase after the rally from ~$95,784.
Key Observations:
Bearish EMA Crossover: Indicates weakening bullish momentum.
RSI Neutral Zone (46): No strong divergence; still room for both downside and recovery.
Support Level: Around $101,905 – being tested.
Resistance Zone: $104,113 – prior support now flipped.
Support and Resistance:
Immediate Support: $101,905
Major Support Zones: $99,698 and $97,490
Resistance Levels: $104,113 and $105,819
Conclusion: BTC/USDT appears to be in a short-term corrective phase following its push past $105K. The bearish EMA crossover and neutral RSI suggest caution. A breakdown below $101.9K could trigger further downside toward $99.6K or $97.4K. Conversely, if BTC holds this support and climbs back above the EMAs, it may retest $104K and $105K.
#CryptoRoundTableRemarks
FUN/USDT Analysis – May 13, 2025
Price Snapshot:
Current Price: $0.006677
24h Change: +24.99%
24h High/Low: $0.006865 / $0.005324
Volume: 2.74B FUN / $16.6M USDT
Technical Indicators:
EMA(9): $0.005664
EMA(20): $0.005292
RSI(6): 93.31 (Overbought territory)
FUN/USDT Analysis – May 13, 2025
Price Snapshot:
Current Price: $0.006677
24h Change: +24.99%
24h High/Low: $0.006865 / $0.005324
Volume: 2.74B FUN / $16.6M USDT
Technical Indicators:
EMA(9): $0.005664
EMA(20): $0.005292
RSI(6): 93.31 (Overbought territory)
#CryptoCPIWatch
FUN/USDT Analysis – May 13, 2025
Price Snapshot:
Current Price: $0.006677
24h Change: +24.99%
24h High/Low: $0.006865 / $0.005324
Volume: 2.74B FUN / $16.6M USDT
Technical Indicators:
EMA(9): $0.005664
EMA(20): $0.005292
RSI(6): 93.31 (Overbought territory)
Chart Analysis (8H Timeframe): The FUN token is experiencing a significant bullish breakout, with a sharp green candle pushing the price from around $0.0057 to a high of $0.006865, currently hovering near $0.006677. The volume spike confirms strong buying interest, and the price has broken above key resistance levels convincingly.
Key Observations:
1. Bullish Crossover: The 9-period EMA has crossed above the 20-period EMA, a classic bullish signal.
2. RSI Extremely Overbought: The RSI reading of 93.31 suggests the token is heavily overbought and could be due for a correction or consolidation soon.
3. Volume Surge: High volume aligns with the price spike, indicating strong market interest and potential continuation if momentum holds.
Support and Resistance:
Immediate Resistance: $0.006865 (24h high)
Support Levels: $0.005757, $0.005133
FUN/USDT Analysis – May 13, 2025
Price Snapshot:
Current Price: $0.006677
24h Change: +24.99%
24h High/Low: $0.006865 / $0.005324
Volume: 2.74B FUN / $16.6M USDT
Technical Indicators:
EMA(9): $0.005664
EMA(20): $0.005292
RSI(6): 93.31 (Overbought territory)
Chart Analysis (8H Timeframe): The FUN token is experiencing a significant bullish breakout, with a sharp green candle pushing the price from around $0.0057 to a high of $0.006865, currently hovering near $0.006677. The volume spike confirms strong buying interest, and the price has broken above key resistance levels convincingly.
Key Observations:
1. Bullish Crossover: The 9-period EMA has crossed above the 20-period EMA, a classic bullish signal.
2. RSI Extremely Overbought: The RSI reading of 93.31 suggests the token is heavily overbought and could be due for a correction or consolidation soon.
3. Volume Surge: High volume aligns with the price spike, indicating strong market interest and potential continuation if momentum holds.
Support and Resistance:
Immediate Resistance: $0.006865 (24h high)
Support Levels: $0.005757, $0.005133
$ETH
ETH/USDT 15-Minute Chart Analysis (May 12, 2025)
Current Price: $2,500.47
24h High: $2,562.47
24h Low: $2,435.51
24h Volume (ETH): 743,811.50
RSI (6): 30.15 — oversold territory
Bollinger Bands:
Upper Band: $2,535.55
Middle Band (Basis): $2,514.57
Lower Band: $2,493.59
ETH/USDT 15-Minute Chart Analysis (May 12, 2025)
Current Price: $2,500.47
24h High: $2,562.47
24h Low: $2,435.51
24h Volume (ETH): 743,811.50
RSI (6): 30.15 — oversold territory
Bollinger Bands:
Upper Band: $2,535.55
Middle Band (Basis): $2,514.57
Lower Band: $2,493.59
#ETHCrossed2500
ETH/USDT 15-Minute Chart Analysis (May 12, 2025)
Current Price: $2,500.47
24h High: $2,562.47
24h Low: $2,435.51
24h Volume (ETH): 743,811.50
RSI (6): 30.15 — oversold territory
Bollinger Bands:
Upper Band: $2,535.55
Middle Band (Basis): $2,514.57
Lower Band: $2,493.59
Technical Observations:
ETH price is now trading below the middle Bollinger Band, testing the lower band.
The RSI of 30.15 suggests ETH is oversold in the short term, indicating a possible bounce or at least a consolidation.
Recent candles show increasing bearish pressure, but also buyers stepping in around $2,494–$2,500.
Short-term support is around $2,493–$2,494; resistance is near the mid-band at $2,515 and upper band at $2,535.
Ethereum (ETH) has taken a short-term hit, dropping to $2,500 after peaking at $2,562 in the past 24 hours. The drop comes amid broader market hesitation and appears to be losing steam as technical signals flash early signs of potential reversal.
The Relative Strength Index (RSI) on the 15-minute chart has dipped to 30, signaling that ETH has entered oversold territory. Simultaneously, the price is hugging the lower Bollinger Band, a technical zone that often attracts short-term buyers looking for a bounce.
Still, caution is warranted. While ETH may see a relief rally, sustained bullish momentum would only return on a breakout above the $2,515–$2,535 resistance range.
For now, traders are watching the $2,493 support level closely. A break below could open the door for further downside toward $2,475–$2,450. However, if bulls reclaim momentum, a move back toward $2,520+ is not out of the question.
ETH/USDT 15-Minute Chart Analysis (May 12, 2025)
Current Price: $2,500.47
24h High: $2,562.47
24h Low: $2,435.51
24h Volume (ETH): 743,811.50
RSI (6): 30.15 — oversold territory
Bollinger Bands:
Upper Band: $2,535.55
Middle Band (Basis): $2,514.57
Lower Band: $2,493.59
Technical Observations:
ETH price is now trading below the middle Bollinger Band, testing the lower band.
The RSI of 30.15 suggests ETH is oversold in the short term, indicating a possible bounce or at least a consolidation.
Recent candles show increasing bearish pressure, but also buyers stepping in around $2,494–$2,500.
Short-term support is around $2,493–$2,494; resistance is near the mid-band at $2,515 and upper band at $2,535.
Ethereum (ETH) has taken a short-term hit, dropping to $2,500 after peaking at $2,562 in the past 24 hours. The drop comes amid broader market hesitation and appears to be losing steam as technical signals flash early signs of potential reversal.
The Relative Strength Index (RSI) on the 15-minute chart has dipped to 30, signaling that ETH has entered oversold territory. Simultaneously, the price is hugging the lower Bollinger Band, a technical zone that often attracts short-term buyers looking for a bounce.
Still, caution is warranted. While ETH may see a relief rally, sustained bullish momentum would only return on a breakout above the $2,515–$2,535 resistance range.
For now, traders are watching the $2,493 support level closely. A break below could open the door for further downside toward $2,475–$2,450. However, if bulls reclaim momentum, a move back toward $2,520+ is not out of the question.
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