ETH: Trader Backs Dip Buys Above $2,550
ETH at $2671.63 stays above $2,550 support as Michaël van de Poppe calls for buying the dip amid bullish EMA structure.
SourceAnalysis
Michaël van de Poppe sees no threat to ETH while price holds above $2,550 and labels the move as a straightforward buy-the-dip opportunity.
Price action at $2671.63 sits comfortably above the EMA50 at $2631.65 inside a broader bullish structure versus the EMA200 at $2431.44. With RSI(14) neutral at 48.43 and MACD showing a death cross at 24.96, the market tests the upper Bollinger band resistance near $2809.59 while lower band support rests at $2622.57, suggesting a brief consolidation toward the 50-EMA before any extension higher. ETH price prediction models and buy the dip ETH tactics both align with this macro-technical setup for the next sessions.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast