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A technical analysis report based on the 4-hour candlestick

fulldeg

Updated at: 7 hours ago

{"content":"A technical analysis report based on the 4-hour candlestick chart for $ETH /USDT is as follows: --- 🔍 Overview Current Price: $2,419.65 24h Change: +0.10% 24h High / Low: $2,463.54 / $2,382.53 Volume (24h): 382,294 ETH / $929.01M --- 📊 Moving Averages MA(7): $2,432.89 (Yellow) MA(25): $2,433.64 (Pink) MA(99): $2,484.04 (Purple) Interpretation: Short-Term Weakness: Price is below all three moving averages (MA7, MA25, MA99), suggesting bearish momentum in the short term. Death Cross Signal: MA7 < MA25 < MA99, indicating a potential continuation of a downtrend unless reversed. --- 🔄 Support and Resistance Levels Immediate Resistance: ~$2,433 (MA25), then ~$2,484 (MA99) Immediate Support: ~$2,382 (recent 24h low), then $2,277 and $2,111 (previous support zone) --- 📈 Trend Analysis Short-term Trend: Neutral to Slightly Bearish Medium-term Trend: Bearish (as price is under MA99 and failing to make higher highs) Momentum: Weak, with no strong push from buyers or sellers at current levels --- ✅ Trading Strategy Suggestions 1. If You're a Short-Term Trader (Scalper or Day Trader): Wait for a breakout above MA25 ($2,433) with strong volume to confirm a short-term bullish reversal. Alternatively, short on rejection at MA25 or MA99 levels. 2. If You're a Swing Trader: Consider buying near $2,370–$2,380 support, but only with a tight stop-loss below $2,350. Best entry would be on a clear breakout above $2,485 (MA99 + resistance confluence). 3. Indicators to Watch (Not shown but recommended): RSI: Check if it's near oversold/overbought. MACD: Look for a bullish crossover. --- 🟡 Final Verdict (Short-Term): ⚠️ Caution Zone: The price is in a consolidation phase below key resistance and above decent support. 📉 Bearish Bias unless ETH breaks above $2,485 with volume. 🕓 Best to wait for confirmation before entering a trade.","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/28/dd1701b74325403ab32154a222d0e2a4.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}

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