Precise technical analysis of ETH currency on the daily timeframe (1D),
🔍 Overall market picture
• Current price: 2861.19$
• Overall trend: Downtrend clear
• Bias: Sell / Short ✔️
The price is trading below all significant moving averages (SMA & EMA), confirming the sellers' control over the medium and long-term trend.
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📉 Technical indicators analysis
1️⃣ Moving averages
• SMA20 / EMA20 (~3050$): nearby dynamic resistance
• SMA50 / EMA50 (~3200$): strong resistance
• SMA100 & SMA200 (>3400$): confirm that any rise will only be corrective
📌 Average arrangement is bearish (Bearish Alignment) → Strong negative signal.
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2️⃣ Momentum indicators
➜ Negative momentum
➜ Not entered sell saturation yet (no confirmed retracement)
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3️⃣ Strength of trend
➜ Relatively strong bearish trend
➜ Not a fluctuation, but a clear trend
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4️⃣ Level of sell saturation
• Close to sell saturation
• ⚠️ A short technical retracement may occur, but not a trend reversal
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🧱 Support and resistance levels
🟢 Strong supports:
1️⃣ 2750$ ✅
• Psychological + technical support
• Your target is very reasonable
2️⃣ 2680$ – 2700$
• Breaking 2750$ opens the way to it
3️⃣ 2550$
• Main support in case of a sharp decline
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🔴 Resistances:
1️⃣ 2950$ – 3000$ ❗
• Short-term resistance
• Suitable for stopping loss
2️⃣ 3050$ (EMA20)
• Breaking it = first sign of weakness for sell
3️⃣ 3200$
• Key resistance – scenario change below it is unlikely
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🎯 Expected scenarios
✅ Most likely scenario (70%)
• Continuation of the decline
• Testing 2750$
• If it breaks with a daily close:
➜ 2680$
➜ Then 2550$
📌 The current sell deal is technically well-supported
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⚠️ Alternative scenario (30%)
• Corrective retracement from saturation areas
• Rise towards:
➜ 2920$ – 2980$
• Failed to break 3000$
• Then resuming the decline
📌 This scenario does not negate the sell, but offers a better re-entry opportunity.
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🛑 Trade management evaluation
• TP: 2750$ ✅ Excellent
• SL: 2950$ ✅ Reasonable above short resistance
• Risk/Reward: good (more than 1:2)
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🧠 Summary
• Trend: clearly bearish
• No confirmed reversal signals
• Any rise = correction
• Selling from retracements is currently the best strategy
