$ETH Signal
1. **Moving Averages (MA):**
- **MA(7)** (Yellow line) is around **2,560**.
- **MA(25)** (Pink line) is around **2,551**.
- **MA(99)** (Purple line) is around **2,443**.
2. **Price Levels:**
- Current price is around **2,559.66**.
- The recent high was **2,587.40**.
- A recent low touched **2,437.31**.
### Key Insights:
- **Resistance Level:** The price reached **2,587.40** and retreated, indicating that there might be some selling pressure around this level.
- **Support Level:** There seems to be support around the **2,550** zone, as the price is trading near the MA(7) and MA(25).
- **Trend Direction:** The upward movement with the price staying above MA(99) suggests a short-term bullish trend, though the latest candles indicate a possible pullback.
### Recommendation for Selling ETH:
- **Sell Zones:** If the price fails to break **2,587** and shows signs of weakening below **2,550**, it may indicate a good opportunity to sell.
- **Stop Loss:** Consider placing a stop loss around **2,590** if the price starts to rise above that level to prevent further losses.
- **Target:** You can consider targeting a sell price near the previous low (around **2,510** to **2,437**) if downward momentum strengthens.
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