Confirmation:
· Time Frame: The image shows the 15-minute (15m) chart.
· Asset: ETH/USDT on Binance.
· Current Price: $1,935.23
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Market Analysis & Trade Plan
1. Market Context
Ethereum is currently trading down -4.51% on the day. The price is sitting near the 24h Low ($1,903.19), indicating strong selling pressure. The price has broken below key 15m structure levels ($1,947–$1,971).
2. Technical Indicators
· MACD (Momentum): The MACD line (-5.86) is below the DEA line (-4.32), and the histogram is negative (-1.55). This confirms bearish momentum in this 15m session. There is no bullish crossover yet.
· Volume: 24h Vol (USDT) is 938.67M, which is significant. However, the 15m volume bar is relatively low compared to the MA(5) and MA(10), suggesting the current move is not a climax sell-off but steady distribution.
3. Pattern Identification
The chart does not show a clear "Head and Shoulders" or "Cup and Handle" on the visible 15m slice. However, the price action shows a breakdown from a consolidation range. The drop from $1,996 to $1,935 shows three lower highs, indicating a short-term descending channel.
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Trade Suggestions (15M Scalp/Intraday)
Scenario A: The Bearish Continuation (High Probability)
· Direction: SELL / SHORT
· Entry: $1,935 – $1,940 (Current zone or a minor retrace to $1,947)
· Stop Loss: $1,960 (Above the recent failed consolidation range)
· Take Profit 1: $1,907 (Recent low)
· Take Profit 2: $1,897 (Next liquidity zone/Visible low)
Scenario B: The Rebound Play (Contrarian/Lower Probability)
· Direction: BUY / LONG
· Entry: Only if price holds above $1,922 and reclaims $1,935 with volume.
· Stop Loss: $1,910
· Take Profit: $1,971 (Mid-range resistance)
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Introduction
Ethereum is under pressure on Binance this session, slipping over 4% to test the $1,935 region. As bears target the 24-hour low, traders are questioning whether this is a buying opportunity or the start of a deeper correction. Here’s a breakdown of the 15-minute chart.
Market Outlook
ETH/USDT is currently trading at a critical inflection point. Having failed to sustain levels above $2,000, the price has rolled over, with the MACD signaling increasing bearish momentum. Volume data suggests that buyers are stepping aside, allowing sellers to guide price action toward the $1,900 psychological barrier.
Key Levels to Watch
· Resistance: $1,971 / $2,021
· Support: $1,903 / $1,897
The Strategy
For short-term traders, the path of least resistance is lower. A short entry near current prices with a tight stop above $1,960 offers a favorable risk-to-reward ratio. Conversely, long entries remain risky until Ethereum reclaims the $1,950 handle with strong spot buying volume.
Conclusion
Patience is key. Until ETH shows a clear reversal signal (specifically a MACD crossover or a daily close above $1,980), sellers remain in control.
