ETHUSDT Perpetual Swap Contract (30-Minute Chart) Analysis
2025-02-12
Category: None

ETHUSDT Perpetual Swap Contract (30-Minute Chart) Analysis

Market Overview
The overall trend in the 30-minute ETHUSDT chart appears to be in a strong bearish phase, with a 90% bearish bias indicated by the system. The price has been trading within a downward channel, facing resistance from key exponential moving averages (EMAs). However, recent price action suggests a potential short-term bullish reversal from a key demand zone.

Key Technical Levels
Supply Zone: 2,722 - 2,752 (Potential resistance if price recovers)
Demand Zone: 2,555 - 2,600 (Recent bounce suggests buyer interest)

Key EMAs:
EMA 20: Short-term momentum turning upwards
EMA 50 & 100: Still acting as dynamic resistance

Fibonacci Levels:
0.382 Retracement (TP1): 2,613
0.500 Retracement (TP2): 2,649
Higher retracement levels (TP3 - TP5) at 2,690 - 2,709

Entry & Strategy

📌 Long Entry: Around 2,557 - 2,600, where price has shown a strong reaction
🎯 Target Levels: 2,613 / 2,649 / 2,690+
🔴 Stop-Loss: Below 2,555, to protect against further breakdown

💡 Confirmation Criteria:

Price needs to hold above EMA 20 and show increasing bullish momentum.
Volume confirmation—higher buying volume needed to sustain a breakout.
A break above EMA 50 (~2,630-2,640) would strengthen bullish momentum.
⚠️ Risks to Consider

If price fails to hold 2,555, further downside towards 2,500 - 2,480 is possible.
Macro bearish sentiment could cap upside potential.
📌 Conclusion:
A potential short-term bullish reversal is forming, but confirmation is required. A breakout above EMA 50 (~2,630-2,640) would signal strength for further upside. However, if price fails to reclaim key levels, the bearish trend could resume.

Would you like a deeper breakdown of potential shorting opportunities as well? 🚀





