🙈 $ETH $ETH

#ETH/USDT 

  Long 🟢 

Cross 50x

2490-2450

Targets:

1) 🎯 2525

2) 🎯 2560

3) 🎯 2600

4) 🎯 2650

5) 🎯 …🙉

🚨Stop Loss: 2400

1. Current Price: The price is $2,498.80, which has dropped by 2.15% recently.

2. Moving Averages:

MA(7): $2,496.18

MA(25): $2,516.32

MA(99): $2,529.18

The price is trading below all three moving averages, which is generally considered a bearish signal.

3. Volume: The volume at the bottom shows a recent increase in selling pressure (red candles) leading to the decline in price, but there's some recovery happening as indicated by the current green candle.

4. Support and Resistance:

Support: $2,485.86 (24h low).

Resistance: $2,516.32 (moving average) and $2,560.00 (previous high).

5. Trend: The market is in a downtrend on the 15-minute timeframe as seen from the lower lows and the price falling below the moving averages.

What Could Happen Next:

If the price bounces: It might test the $2,516 - $2,529 range (resistance of moving averages). If it breaks above that, a further recovery towards $2,560 or higher could be possible.

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