DragonFlyOfficial
vip

📊 Technical Indicators Summary


1. Price Action

ETH is currently trading around $2,511.97.

It's consolidating between $2,500 (support) and $2,700 (resistance).

The price is moving sideways with no clear breakout yet. 

2. Moving Averages

On the 4-hour chart, the 7-period EMA is close to the 25-period EMA.

A bullish crossover (7 EMA crossing above 25 EMA) would indicate a potential uptrend.

However, if the price falls below both EMAs, it could signal bearish continuation.

3. Relative Strength Index (RSI)

RSI is around 49.07, which is neutral (not overbought or oversold).

This shows indecision in the market but leaves room for momentum in either direction.

4. Chart Pattern

ETH is forming an Ascending Triangle, which is generally a bullish pattern.

A breakout above the triangle’s resistance could lead ETH towards $3,760.

🔮 Possible Scenarios
🔻 Bearish Case

If ETH breaks below $2,500, the next key support is near $2,400.

Bearish RSI divergence suggests potential downside pressure.

🔺 Bullish Case

A clean breakout above $2,700 and EMA crossover would confirm bullish momentum.

In that case, ETH could target $2,800–$3,000, and even higher towards $3,760 (based on the triangle breakout target).

📌 Conclusion
ETH/USDT is currently in a neutral to slightly bullish phase on the 4H timeframe. Key levels to watch:

Support: $2,500

Resistance: $2,700

Breakout target (if triangle resolves upward): $3,760 #ETH#
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • 42
  • Share
Comment
0/400
0632vip
· 06-06 12:37
bull run bull run bull run bull run bull run bull run bull run bull run bull run bull run bull run bull run bull run bull run bull run bull
Reply1
77770vip
· 06-06 12:24
The bullish market is at its peak 🐂
Reply0
Mfyzltvip
· 06-06 11:50
Hurry up and enter a position! 🚗Hurry up and enter a position! 🚗
Reply1
Elainavip
· 06-06 11:32
HODL Tight 💪
Reply0
Mert55vip
· 06-06 07:34
Watching Closely 🔍
Reply1
GateUser-f408f5f9vip
· 06-06 06:48
Johnson, and possibly a few other bad Presidents during that time. I also remember that after his first term, being ridiculed for saying that Trump was the worst President was not uncommon.
Reply0
Pocketbookvip
· 06-06 06:42
Rabbit rabbit rabbit rabbit rabbit rabbit rabbit rabbit rabbit rabbit rabbit rabbit rabbit rabbit rabbit rabbit
Reply0
AdnanAlivip
· 06-06 06:19
The only way I could do that was if you had to do a lot
Reply0
BigHairBigvip
· 06-06 05:19
Quack quack quack quack quack quack quack quack🐸quack quack quack quack quack quack quack quack quack quack🐸quack quack quack quack quack quack quack quack quack quack🐸(g
Reply0
AChunvip
· 06-06 05:01
Awesome
Reply0
View More
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)