{"content":"Analysis of Ethereum (ETH/USD) 😱🔥💥✅ $ETH {future}(ETHUSDT) #ETH #### **Key Observations from the Chart:** 1. **Current Price Action:** - The price is hovering around **2,443.27**, with a possible rejection zone between **2,465 and 2,492**. - A **wick (rejection candle)** in this range could signal the start of a downtrend. #ETHETFsApproved 2. **Potential Downtrend Targets (Fibonacci Levels):** - **0.618 Fibonacci retracement level** – A common pullback zone where buyers might step in. - **0.786 Fibonacci retracement level** – A deeper retracement, indicating stronger bearish momentum. - *(Note: Exact levels depend on the swing high/low used for Fib calculation.)* 3. **Confirmation Signals for the Downtrend:** - **Bearish candlestick patterns** near **2,492** (e.g., Shooting Star, Bearish Engulfing). - **Increase in selling volume** during the drop. - **RSI (if available)** showing overbought (>70) conditions before rejection. #### **Trade Strategy (If Downtrend Confirms):** - **Entry Zone:** After rejection near **2,465–2,492**. - **Targets:** - **First Target:** 0.618 Fib level. - **Second Target:** 0.786 Fib level (if momentum is strong). - **Stop Loss:** Above **2,500** (if price breaks higher, the downtrend scenario weakens). #### **Caution:** - If ETH breaks and holds above **2,492**, the bearish outlook may be invalidated. - Always wait for **confirmation** (e.g., strong bearish candle + volume) before entering. ### **Final Verdict:** Based on analysis suggests a possible **short opportunity** if ETH rejects **2,465–2,492**, with downside targets at **0.618 and 0.786 Fib levels**. However, monitor price action for confirmation before taking a position. Would you like help identifying the exact Fib levels based on a specific swing high/low?","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/02/f8fd133d2b1f491cb054f7add5c6983d.jpg","https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/02/3f079f34e4d840b0bc4fa3e4d8222a25.jpg"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}