📊 ETH Technical Analysis (Short-Term)
* Current State: $ETH ETH hit a local high of $2,075 but faced a rejection. It is now consolidating around $2,042.
* Moving Averages: The price is currently squeezed between the MA(7) at $2,041 and the MA(25) at $2,044. A break above $2,045 is needed for a bullish continuation.
* MACD: The MACD is currently slightly bearish (below the zero line), but the histogram is fading, suggesting the selling pressure is weakening.
* Support: Strong support is sitting at $2,031 (MA-99). As long as we hold this, the trend remains healthy.
🚀 Binance Square Post (Copy & Paste)
Title: $ETH Eyeing a Breakout? Critical Levels to Watch! 💎
Ethereum ($ETH) is showing some intense consolidation on the lower timeframes after a nice push to the $2,075 zone. The bulls are currently fighting to hold the $2,040 support level.
What’s happening on the chart?
* Consolidation Zone: ETH is currently trading between major Moving Averages. We are looking for a clean 5m or 15m candle close above $2,045 to confirm the next leg up.
* Support Check: The MA(99) at $2,031 is acting as a rock-solid floor. If we stay above this, the uptrend is still very much alive.
* MACD Reset: The indicators are cooling off after the recent spike, which is actually a healthy sign for a potential "second wave" of buying.
🎯 My Trade Plan:
* Conservative Entry: Above $2,048 (Confirmation of breakout).
* Aggressive Entry: Near $2,035 - $2,040 (Buy the dip).
* Target 1: $2,060 (Short-term scalp)
* Target 2: $2,075 (Previous high)
* Target 3: $2,100+ (Psychological breakout)
* Stop Loss: Below $2,025
Market Sentiment: I’m leaning Bullish 🐂 as long as $2,030 holds. Let’s see if the volume picks up in the next hour!
What do you think? Is ETH heading to $2,100 tonight or a deeper correction? Let me know in the comments! 👇
#ETH #Ethereum #CryptoTrading #TechnicalAnalysis #BinanceSquare #TradingSignals
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