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ETHFI/USDT — 5M Analysis
Current price: 0.4769
Bias: 🟢 Mild bullish, but price is sitting near resistance.
EMA 9: 0.4766
EMA 21: 0.4761
EMA 200: 0.4676
MACD: bullish; histogram remains positive
Price is above all short-term EMAs and well above the 200 EMA.
Key levels
🔴 Resistance: 0.4783 → 0.4800 → 0.4880
🟢 Support: 0.4748 → 0.4712 → 0.4695
Possible LONG
Entry: 0.4755–0.4770
SL: 0.4735
TP1: 0.4783
TP2: 0.4800
TP3: 0.4840+
Best confirmation: a 5M candle closes above 0.4783 with volume.
Possible SHORT
Don't short immediately at 0.4769. A better short would be if 0.4783–0.4800 rejects strongly and a 5M candle closes back below 0.4760.
Short SL: 0.4810
TP: 0.4748 → 0.4712
My preference: 🟢 LONG on a clean breakout/retest of 0.4783, rather than chasing the current candle.