Eileen Munari fFM7
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🔒 Ethereum Short-Term Outlook and My Trade Plan – June 11, 2025
Ethereum has once again pushed above the $2800 mark in the past hour, but I’m not convinced the breakout has strength behind it. The key issue here is that the trading volume did not significantly increase at the time of the move. A breakout without volume usually lacks conviction and often ends in a pullback.
I also checked the MACD, and while price was moving up, the MACD didn’t show the kind of bullish momentum I’d expect. There's no strong crossover or increasing histogram bars. In other words, momentum isn't confirming the price move, and that’s a potential warning sign of a false breakout or temporary pump.
Based on this setup, my short-term view is slightly bearish. I think there’s a good chance ETH will dip after this move—at least to retest lower support levels.
So, here’s my plan: I’ve taken a short position in the $2800–2840 range, aiming for a target at $2700. That level has recently acted as support, and I believe it could hold up again. My stop-loss is placed just above $2850, in case ETH continues to push higher with volume.
This setup is based entirely on the lack of volume confirmation and weak MACD behavior. I’ll continue to monitor the price action and adjust the plan if momentum shifts.#Ethereum #Trump's $ETH
$Trump
I also checked the MACD, and while price was moving up, the MACD didn’t show the kind of bullish momentum I’d expect. There's no strong crossover or increasing histogram bars. In other words, momentum isn't confirming the price move, and that’s a potential warning sign of a false breakout or temporary pump.
Based on this setup, my short-term view is slightly bearish. I think there’s a good chance ETH will dip after this move—at least to retest lower support levels.
So, here’s my plan: I’ve taken a short position in the $2800–2840 range, aiming for a target at $2700. That level has recently acted as support, and I believe it could hold up again. My stop-loss is placed just above $2850, in case ETH continues to push higher with volume.
This setup is based entirely on the lack of volume confirmation and weak MACD behavior. I’ll continue to monitor the price action and adjust the plan if momentum shifts.#Ethereum #Trump's $ETH
$Trump
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