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Ethereum is now trading around $2550. Ethereum is forming an inverse head and shoulders pattern on the daily timeframe. So, a possible scenario is that if the price pumps up and breaks out above the neckline and closes above it, then we can see bullish momentum in Ethereum because it is a bullish pattern. Keep an eye on it.
Price Action & Trend: • Current Price: $185.99 (+3.65%) • Recent High: $186.78 • Trend: The price is in a strong uptrend, with higher highs and higher lows. • Support Levels: Likely around $178.99 and $174.59 based on moving averages.
Moving Averages (MAs): • MA(5): 387,019.86 • MA(10): 321,505.10 • Short-term MAs (yellow and pink lines) are sloping upwards and price is above all of them — bullish signal.
Volume: • Volume is relatively high, indicating strong buying interest.
MACD: • DIF (MACD Line): 0.82 • DEA (Signal Line): 0.42 • MACD Histogram: 0.41 (positive and increasing) • The MACD line has crossed above the signal line — bullish crossover, supporting momentum.
RSI (Relative Strength Index): • RSI(6): 84.51 (Overbought) • RSI(12): 72.38 • RSI(24): 65.11 • All RSI values are above 65, with RSI(6) indicating extreme overbought conditions — a potential short-term pullback may occur.
Conclusion: • Bullish Trend in the short term with strong momentum. • Be cautious of a potential pullback or consolidation due to overbought RSI. • If price breaks and holds above $186.78, it could signal a continuation of the rally. • Watch for support around $178.99 in case of a dip.
Let me know if you’d like a trade setup, support/resistance levels, or analysis on another time frame.
Each left-hand chart shows the setup phase. The purpose is to identify key market structure levels and context:
Key Elements: • Key Level (CHo): Indicates a Change of Character, suggesting a potential shift in trend or market behavior. • CRT High/Low: Likely stand for Corrective Range Top/Bottom – areas defining the range of a retracement. • 50% Level: The midpoint of the corrective range – often used as an equilibrium level or fair value zone.
Interpretation: • Price retraces to a key level, often around the 50% mark. • This sets the HTF bias – e.g., bearish if retracing into supply, bullish if into demand.
2. Lower Timeframe (LTF) Entry:
The right-hand chart shows the actual entry setup using Model #1 and confirmation tools.
Key Elements: • Model #1: A predefined pattern used for entries (details not given here, but could be an internal structure or candle pattern). • TBS (Turtle Body Swap): A unique confirmation tool indicating a valid reversal – potentially a candlestick body close beyond a key level or engulfing pattern.
Execution Logic: • Wait for price on LTF to reach HTF’s key level. • Observe LTF behavior (Model #1 + TBS) for confirmation. • Execute the trade with a tighter stop and better risk-to-reward ratio.
Strategy Summary:
Component Function HTF Establish market bias and critical zones LTF Look for precise entries within HTF zones Model #1 Entry pattern within those zones TBS Confirmation tool that adds conviction
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JUST IN: Trump Demands Fed Rate Cuts Trump is calling on the Federal Reserve to slash interest rates immediately, warning that keeping them high could crash the economy.
“Inflation is down. We can’t let growth stall.” He pointed to falling energy and food prices as proof inflation is under control. Trump also slammed Fed Chair Jerome Powell, calling him “Mr. Too Late” and accusing him of helping Biden by delaying cuts. He compared the Fed to Europe:
“The ECB has already cut rates 7 times. What are we waiting for?”
Crypto Market Reacts: • BTC surged past $67K • Altcoins rallied across the board • Traders are pricing in a potential Fed pivot
Why it matters: Lower rates make borrowing cheaper, boost liquidity, and drive capital into risk assets — especially crypto. But volatility is still high. Fed’s next move will be critical.