Technical analysis by readCrypto about Symbol ETH on 5/30/2025
readCrypto
Hello, traders.If you "Follow", you can always get the latest information quickly.Have a nice day today.-------------------------------------(ETHUSDT 1M Chart)The key is whether the price can rise above the M-Signal Indicator on 1M Chart and hold it.Accordingly, we need to see if it can rise with support near 2498.60, which is the 20 point of StochRSI.If not, and it falls, we need to see if the HA-Low indicator is generated.If the HA-Low indicator is generated, we can create a trading strategy based on whether there is support near that area.-(1D chart)The key is whether it can rise with support near the M-Signal indicator on the 1D chart.In other words, we need to see if it can rise with support near 2498.60-2609.74.If not, it is expected to fall to the M-Signal indicator on the 1W chart and determine the trend again.-The current important support area is the 1647.06-1861.57 area.The resistance zone is 3265.0-3321.30.However, if the HA-Low indicator is newly created as the price falls, it is important to see if there is support around that area.In any case, the price must be maintained above the M-Signal indicator on the 1M chart to continue the upward trend in the medium to long term.Therefore, when it falls below the M-Signal indicator on the 1M chart, you should not forget that a short and quick response is required when trading.-Thank you for reading to the end.I hope you have a successful trade.--------------------------------------------------- This is an explanation of the big picture.(3-year bull market, 1-year bear market pattern)I will explain more details when the bear market starts.------------------------------------------------------#ETHUSDT 1WThe key is whether it can find support and rise in the important support and resistance area of 2419.83-2706.15.To do so, the price must remain above the M-Signal indicator on the 1W chart, and the OBV must rise above the High Line.Currently, the channel of the Low Line ~ High Line of the OBV indicator is showing a downward trend, so we need to see if it can turn upward this time.The support and resistance zones are marked with circles on the chart.
