Overall trend: Short-term bearish, medium-term still neutral to slightly bullish The recent rally from around $1,512 to $1,830 has lost momentum. ETH is now pulling back. What the indicators show 1. EMA structure Current price: $1,751.54 EMA(7): 1,768.73 EMA(25): 1,761.28 EMA(99): 1,706.68 Price is below both the 7 EMA and 25 EMA, which is bearish in the short term. However, price is still above the 99 EMA, so the medium-term trend has not completely broken. 2. RSI RSI(6): 32.31 This is close to the oversold zone (30), meaning: Selling pressure is strong. A short bounce is possible. It is not yet a confirmation to buy. RSI can stay oversold during strong downtrends. 3. Volume Selling volume is not extremely high. That suggests this is currently more of a pullback than a panic sell. Important support levels $1,740 (current support) $1,706 (EMA99 and strongest nearby support) $1,664 $1,580 $1,512 (major support) If $1,706 breaks with strong volume, ETH could fall toward $1,660–1,620. Resistance levels $1,760 $1,780 $1,810 $1,830 (major resistance) ETH must reclaim $1,780–1,800 for bulls to regain control. Trading scenarios Bullish scenario (40%) If ETH holds above $1,740–1,706 and buyers step in: First target: $1,780 Second target: $1,810 Third target: $1,830 Bearish scenario (60%) If the current candle closes below $1,740 and especially below $1,706: Target 1: $1,660 Target 2: $1,620 Target 3: $1,580 Trading plan For long positions: Wait for confirmation above $1,780, or Buy near $1,710 only if there is a clear bullish reversal candle. For short positions: A close below $1,740 increases the probability of further downside. Stop-loss should be above the recent swing high. My conclusion At this moment, I would not enter a new long trade. The chart shows weakening momentum: Price is below the short-term EMAs. RSI is weak. The market is correcting after a strong rally. The $1,706 area is the key level. If it holds, ETH can recover. If it breaks, sellers are likely to remain in control. $ETH
Overall trend: Short-term bearish, medium-term still neutral to slightly bullish The recent rally from around $1,512 to $1,830 has lost momentum. ETH is now pulling back. What the indicators show 1. EMA structure Current price: $1,751.54 EMA(7): 1,768.73 EMA(25): 1,761.28 EMA(99): 1,706.68 Price is below both the 7 EMA and 25 EMA, which is bearish in the short term. However, price is still above the 99 EMA, so the medium-term trend has not completely broken. 2. RSI RSI(6): 32.31 This is close to the oversold zone (30), meaning: Selling pressure is strong. A short bounce is possible. It is not yet a confirmation to buy. RSI can stay oversold during strong downtrends. 3. Volume Selling volume is not extremely high. That suggests this is currently more of a pullback than a panic sell. Important support levels $1,740 (current support) $1,706 (EMA99 and strongest nearby support) $1,664 $1,580 $1,512 (major support) If $1,706 breaks with strong volume, ETH could fall toward $1,660–1,620. Resistance levels $1,760 $1,780 $1,810 $1,830 (major resistance) ETH must reclaim $1,780–1,800 for bulls to regain control. Trading scenarios Bullish scenario (40%) If ETH holds above $1,740–1,706 and buyers step in: First target: $1,780 Second target: $1,810 Third target: $1,830 Bearish scenario (60%) If the current candle closes below $1,740 and especially below $1,706: Target 1: $1,660 Target 2: $1,620 Target 3: $1,580 Trading plan For long positions: Wait for confirmation above $1,780, or Buy near $1,710 only if there is a clear bullish reversal candle. For short positions: A close below $1,740 increases the probability of further downside. Stop-loss should be above the recent swing high. My conclusion At this moment, I would not enter a new long trade. The chart shows weakening momentum: Price is below the short-term EMAs. RSI is weak. The market is correcting after a strong rally. The $1,706 area is the key level. If it holds, ETH can recover. If it breaks, sellers are likely to remain in control. #ETH #BTC $BTC $ETH #analysis