Ethereum (ETH/USD) Daily Technical Analysis – 7th June 2025 | Price Chart, Indicators & Trade Setting

 

Ethereum (ETH/USD) Daily Technical Analysis – 7th June 2025 

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🧾 Ethereum (ETH/USD) Daily Technical Analysis – 7th June 2025 | Price Chart, Indicators & Trade Setup

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📌 Note: This study report is for personal use only for maintaining records. It is not a trading suggestion or financial advice for anyone.

🧘‍♂️ Novice Trader Reminder for Today:

“Sideways markets test your patience, not your intelligence.”

Wait for clear confirmation before entering. Protect your capital by avoiding impulsive buys under resistance.

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✅ Chart Basics:

• Asset: Ethereum vs US Dollar (ETH/USD)
• Chart Type: Daily Candlestick
• Time Period Shown: ~8 months
• Current Price: ~$2,475.75
• Chart Indicators Used:
• EMA 50 (short-term) — Not visible in screenshot
• EMA 200 (long-term) — clearly visible as a blue line

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📊 Key Technical Analysis Parameters:

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1. 📈 Trend Overview

• Ethereum is trying to recover from a strong downtrend that lasted till early May 2025.
• Current price is below the 200-day EMA (~$2,960), which signals that the long-term trend is still bearish.
• But there's sideways consolidation from mid-May to early June → a possible base-building phase.

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2. 🔁 Support & Resistance Zones

Zone Type	Price Area	Notes
Immediate Support	~$2,300	Previous bounce level
Major Support	~$2,100	Last strong low in May
Immediate Resistance	~$2,600	Recent multiple rejections
Major Resistance	~$2,960	200 EMA (critical long-term level)

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3. 🧭 Moving Averages Insight

• EMA 200 (Blue Line) is trending downwards, showing long-term trend is still weak.
• Price is consistently failing to cross the 200 EMA, confirming resistance and market hesitation.
• No bullish crossover is visible yet → Be cautious.

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4. 📉 Candlestick Pattern Observation

• Recent candles show long wicks on top, indicating selling pressure near ~$2,600.
• Small-bodied candles = indecision.
• Market may be waiting for external catalyst like news or Bitcoin movement.

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5. 🔊 Volume Insight

• Volume data is missing or not clearly visible on this chart.
• Caution: Low or unclear volume = unreliable breakouts.

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6. ⚙️ Fundamental Side Notes (from chart sidebar)

• Ethereum has outperformed Bitcoin recently.
• Pectra upgrade boosts scalability.
• Accumulation indicated due to low exchange balances — bullish in longer term.

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🗒️ Summary for Novice Traders:

Parameter	Status	What It Means
Price below 200 EMA	❌ Bearish	Long-term trend still weak
Flat candles	⚠️ Uncertain	Market undecided – wait for move
Resistance strong	⚠️ At $2,600–2,960	Rejection likely here
Support close	✅ Around $2,300	Good re-entry zone

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📘 Beginner Swing Trading Setup for ETH/USD

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🧭 Trend Overview:

• Trend: Neutral to weakly bullish in short-term
• Momentum: Trying to reverse, but under pressure from 200 EMA
• Sentiment: Cautious optimism

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🔐 Trade Strategy: “Buy the Dip – Watch the Ceiling”

Entry Type	Entry Price Range	Trigger Condition
Aggressive Buy	$2,460 – $2,500	Green candle close above last red candle
Safer Buy	$2,300 – $2,350	Bounce from support + volume confirmation

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📉 Stop Loss Options

Stop Loss Type	Price Level	Logic
Hard SL	$2,200	Below strong May support
Trend SL	$2,100	If price breaks structure → exit

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🎯 Profit Targets

Target Level	Reason
$2,600	Recent rejection zone
$2,850	Upper range of recent sideways pattern
$2,960	200 EMA – Strongest resistance zone

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📊 Risk-Reward Sample

Example:

• Entry @ $2,400, SL @ $2,200, Target @ $2,850
• Risk = $200, Reward = $450 → RR = 2.25 ✅

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🧠 Swing Trader Guidelines

• 🕐 Timeframe: Hold for 3–7 days
• ❌ Don’t enter during indecision candles
• ✅ Re-enter on dips to strong support zones
• ⚠️ If ETH breaks below $2,100 → trend invalidated
• 🟢 Confirmation is key. Wait for green candle with volume.

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🔁 Trade Management Tips:

Event	Action
After +5% move	Move SL to breakeven
After hitting target 1	Book 50% profit, trail rest
Daily red candle	Wait for green before re-buy

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