🙈 $ETH $ETH
#ETH/USDT
Long 🟢
Cross 50x
2490-2450
Targets:
1) 🎯 2525
2) 🎯 2560
3) 🎯 2600
4) 🎯 2650
5) 🎯 …🙉
🚨Stop Loss: 2400
1. Current Price: The price is $2,498.80, which has dropped by 2.15% recently.
2. Moving Averages:
MA(7): $2,496.18
MA(25): $2,516.32
MA(99): $2,529.18
The price is trading below all three moving averages, which is generally considered a bearish signal.
3. Volume: The volume at the bottom shows a recent increase in selling pressure (red candles) leading to the decline in price, but there's some recovery happening as indicated by the current green candle.
4. Support and Resistance:
Support: $2,485.86 (24h low).
Resistance: $2,516.32 (moving average) and $2,560.00 (previous high).
5. Trend: The market is in a downtrend on the 15-minute timeframe as seen from the lower lows and the price falling below the moving averages.
What Could Happen Next:
If the price bounces: It might test the $2,516 - $2,529 range (resistance of moving averages). If it breaks above that, a further recovery towards $2,560 or higher could be possible.
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