$ETH 📉 Ethereum (ETH/USDT) Market Update – Binance (4H Chart)
📅 Date: Feb 12, 2025 – 00:29 UTC
💰 Current Price: $2,607.32
📊 Volume: Low, showing indecision
⚡ Trend: Bearish Bias with Weak Rebound
📍 Key Levels
🔼 Resistance: $2,654 | $2,729 | $2,867
🔽 Support: $2,600 | $2,550
📊 Indicators & Pattern Analysis
✅ Candle Formation:
Recent bounce from $2,600, but weak follow-through.
Small-bodied candles indicate hesitation.
✅ Chart Pattern:
Lower highs forming, indicating bearish pressure.
Needs a break above $2,654 for bullish momentum.
✅ Moving Averages:
20-EMA (Green): Short-term resistance.
50-EMA (Blue): Resistance near $2,729.
200-EMA (Red): Strong resistance at $3,041.
✅ RSI & ADX:
RSI: 39.95 → Weak momentum, bearish.
ADX: 29.20 → Mild trend strength.
Bearish pressure (29.07) > Bullish strength (10.38).
📈 Trade Setup
🟢 Long (Buy) – If ETH Breaks Above $2,654
📌 Entry: $2,655 - $2,670
📌 Stop-Loss: $2,620
📌 Take-Profit: $2,730 - $2,800
✅ Confirmation: RSI above 45 + bullish volume increase.
🔴 Short (Sell) – If ETH Fails to Hold $2,600
📌 Entry: $2,590 - $2,580
📌 Stop-Loss: $2,625
📌 Take-Profit: $2,550 - $2,500
✅ Confirmation: RSI below 40 + rejection at moving averages.
⏳ Trade Duration: 4-12 Hours
📢 Conclusion:
📊 Pattern: Downtrend with weak recovery, key level at $2,654.
⚡ Strategy: Buy above $2,654, sell below $2,600.
📌 Disclaimer: This is not financial advice. Always conduct your own research and manage risks before trading. 🚀
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