$ETH trade signal analysis:
Complete review
Current Price & Trend
· Price: $2,018.52
· 24h Change: -3.78% (Bearish short-term momentum)
· 24h Range: $2,013.25 – $2,152.03 (Price near the low of the day)
Technical Indicators
· Stochastic (K/D/J):
· K: 29.31
· D: 23.08
· J: 41.75
→ Indicates oversold conditions (K and D below 30), but not extremely oversold.
· Volume Trends:
· Today: -4.28%
· 7 Days: -14.09%
→ Volume declining, suggesting weakening momentum or consolidation.
Key Levels
· Support: ~$2,013 (24h low)
· Resistance: ~$2,152 (24h high)
· Depth Chart shows significant liquidity around $1,747–$2,018, suggesting strong support below current price.
ETHUSDT
Perp
2,022.21
-3.51%
Order Book Imbalance
· Bid/Ask Split: 76.66% Buy / 23.34% Sell
→ Strong buying pressure in the order book, potentially signaling accumulation near support.
Trade Signal
Conditional LONG Setup
· Entry Zone: $2,015 – $2,020 (near daily low & order book support)
· Stop Loss: Below $2,010 (break of 24h low)
· Take Profit Targets:
· TP1: $2,080
· TP2: $2,150 (24h high)
· Confirmation Needed:
· Watch for bullish reversal candlestick (e.g., hammer, bullish engulfing) on 1H/4H chart.
· Ensure volume picks up on upward move.
#BitcoinGoogleSearchesSurge
Risk Note
· Market is in a short-term downtrend (-3.78% in 24h).
· If price breaks below $2,010, next support is around $1,747 (see depth chart).
· Use tight risk management; consider smaller position size due to recent volatility.
Recommendation: Wait for bullish confirmation before entering LONG. If no reversal forms, avoid entering until stronger support holds.$ETH
