Date: 18th May, 2025
Prepared by: Musarrat
Ethereum is currently undergoing a retracement phase after a strong bullish rally. A Fibonacci retracement tool has been applied from the recent low around $1,577 to the swing high of $2,742.75 to identify key levels of potential reversal.
Key Technical Levels:
Fibonacci Retracement Zones:
0.236: $2,572.75 (minor resistance)
0.382: $2,467.66
0.5: $2,382.99 (current price nearing this zone)
0.618: $2,298.71 (strong retracement zone)
0.786: $2,176.73
Buy Limit Order:
Entry Price: $2,415
Positioned between the 0.5 and 0.618 retracement levels—an optimal buy zone based on historical retracement behavior.
Stop Loss: $2,174
Placed just below the 0.786 retracement level to allow room for price fluctuation while protecting downside risk.
Take Profit Targets:
TP1: $2,732 – Near the previous swing high and a key resistance level.
TP2: $3,210 – A projected extension level, marking a strong bullish continuation if the uptrend resumes.
Indicator Analysis:
RSI (14): Currently at 61.05, indicating bullish momentum still holds, but approaching neutral territory. A bounce from current levels would confirm strength.
Conclusion:
The chart suggests a healthy retracement within an uptrend. A buy limit at $2,415 offers an opportunity to enter the market at value, targeting a rebound toward previous highs and beyond. The setup is supported by:
Retracement to golden ratio zones (0.5–0.618)
Strong RSI trend above 60
Clear stop-loss and reward levels offering favorable risk-to-reward ratio
Strategy:
Wait for price to trigger the Buy Limit at $2,415. If filled, monitor for price action confirmation and manage trade towards TP1 and TP2.
Prepared by: Musarrat
Ethereum is currently undergoing a retracement phase after a strong bullish rally. A Fibonacci retracement tool has been applied from the recent low around $1,577 to the swing high of $2,742.75 to identify key levels of potential reversal.
Key Technical Levels:
Fibonacci Retracement Zones:
0.236: $2,572.75 (minor resistance)
0.382: $2,467.66
0.5: $2,382.99 (current price nearing this zone)
0.618: $2,298.71 (strong retracement zone)
0.786: $2,176.73
Buy Limit Order:
Entry Price: $2,415
Positioned between the 0.5 and 0.618 retracement levels—an optimal buy zone based on historical retracement behavior.
Stop Loss: $2,174
Placed just below the 0.786 retracement level to allow room for price fluctuation while protecting downside risk.
Take Profit Targets:
TP1: $2,732 – Near the previous swing high and a key resistance level.
TP2: $3,210 – A projected extension level, marking a strong bullish continuation if the uptrend resumes.
Indicator Analysis:
RSI (14): Currently at 61.05, indicating bullish momentum still holds, but approaching neutral territory. A bounce from current levels would confirm strength.
Conclusion:
The chart suggests a healthy retracement within an uptrend. A buy limit at $2,415 offers an opportunity to enter the market at value, targeting a rebound toward previous highs and beyond. The setup is supported by:
Retracement to golden ratio zones (0.5–0.618)
Strong RSI trend above 60
Clear stop-loss and reward levels offering favorable risk-to-reward ratio
Strategy:
Wait for price to trigger the Buy Limit at $2,415. If filled, monitor for price action confirmation and manage trade towards TP1 and TP2.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.