📊 Ethereum (ETH/USDT) - Daily Outlook 📊
🔹 Current Price: $1,809
🔹 Key Levels:
🟢 Support: $1,762 (Fib 0.65), $1,915 (Fib 0.618)
🔴 Resistance: $2,481 (Fib 0.5), $3,047 (Fib 0.382)
🔮 Possible Scenarios:
📉 Scenario 1: Bounce from Fib 0.65 📈
ETH is testing the key golden pocket zone ($1,762–$1,915).
If buyers step in, we could see a relief rally towards the $2,000-$2,100 zone.
Breaking above $2,100 could trigger a move towards $2,480 (Fib 0.5).
🔹 Odds: 55/45
📈 Scenario 2: Break Below 0.65, Retest Lower Levels 🚨
If ETH loses $1,762, it may drop further towards the $1,600-$1,500 range.
Bearish EMAs (all sloping down) suggest ongoing downside pressure.
RSI is still weak, showing no strong reversal signals yet.
🔹 Odds: 45/55
⚠️ EMA & RSI Considerations
ETH is trading below all key EMAs (50, 100, 200), confirming a bearish structure.
RSI is hovering around 40 but not yet oversold, meaning more downside is possible.
A bullish divergence on RSI would strengthen the bounce scenario.
🎯 Key Watch Points:
1️⃣ Holding above $1,762-$1,915 zone = bullish potential.
2️⃣ Reclaiming 50 EMA ($2,100) = stronger confirmation for upside.
3️⃣ Losing $1,762 = further downside risk.
🚀 Short-term caution, but golden pocket zone [u](right now)[/u] could be a reversal opportunity, especially if you do believe in ETH in a long-term.
🔹 Current Price: $1,809
🔹 Key Levels:
🟢 Support: $1,762 (Fib 0.65), $1,915 (Fib 0.618)
🔴 Resistance: $2,481 (Fib 0.5), $3,047 (Fib 0.382)
🔮 Possible Scenarios:
📉 Scenario 1: Bounce from Fib 0.65 📈
ETH is testing the key golden pocket zone ($1,762–$1,915).
If buyers step in, we could see a relief rally towards the $2,000-$2,100 zone.
Breaking above $2,100 could trigger a move towards $2,480 (Fib 0.5).
🔹 Odds: 55/45
📈 Scenario 2: Break Below 0.65, Retest Lower Levels 🚨
If ETH loses $1,762, it may drop further towards the $1,600-$1,500 range.
Bearish EMAs (all sloping down) suggest ongoing downside pressure.
RSI is still weak, showing no strong reversal signals yet.
🔹 Odds: 45/55
⚠️ EMA & RSI Considerations
ETH is trading below all key EMAs (50, 100, 200), confirming a bearish structure.
RSI is hovering around 40 but not yet oversold, meaning more downside is possible.
A bullish divergence on RSI would strengthen the bounce scenario.
🎯 Key Watch Points:
1️⃣ Holding above $1,762-$1,915 zone = bullish potential.
2️⃣ Reclaiming 50 EMA ($2,100) = stronger confirmation for upside.
3️⃣ Losing $1,762 = further downside risk.
🚀 Short-term caution, but golden pocket zone [u](right now)[/u] could be a reversal opportunity, especially if you do believe in ETH in a long-term.
Trade closed: target reached
Unfortunately, Ethereum decided to visit lower lows and went with scenario 2.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.