๐ฌ Do you expect ETH to break 2,520 today?
Ethereum (ETH) is going through a critical moment technically after bouncing from the bottom of 2111 and rising to the highest peak in 24 hours at 2520, and now the price is slightly retreating to settle around 2445.67 USDT (+0.76%).
So is this just a minor correction? Or the beginning of a trend reversal? Let's analyze.
๐ Quick Trading Information (24 Hours):
Highest Price: 2520 USDT
Lowest Price: 2388.23 USDT
Trading Volume: 5.75 million ETH
Liquidity Volume: 14 billion USDT
๐ Quick Technical Analysis:
๐ข Moving Averages:
MA(7): 2470.48 โ The price is now below it (temporary calm signal).
MA(25): 2445.61 โ The price is moving around it (balance point).
MA(99): 2363.48 โ Medium-term support.
๐ MACD:
DIF: 10.22
DEA: 12.10
MACD: -1.88 โ Slight bearish signal, but it is not confirmed yet.
๐ RSI:
RSI declined, which calls for caution from correction.
๐ Important Levels:
Nearest Resistance: 2475 then 2520
Nearest Support: 2400 then 2363 (MA99)
Strong Support: 2310
๐ก Opportunities and Predictions:
โ Bullish Scenario:
If the price returns above MA(7) and settles above 2475, we may see an attempt to break 2520 again.
โ Bearish Scenario:
If it breaks below 2400, the price may return to test MA(99) around 2363 โ a buying opportunity for cautious traders.
๐ข Important Advice:
> Do not make your decision based on just one analysis, monitor price behavior at sensitive areas, and always use stop-loss!
โ๏ธ Your opinion matters to me!
Do you expect a breakout above 2500 again this week?
Or do you see that the correction has actually started?
Share your opinion in the comments โฌ๏ธ
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