ETH sitting at $2,463 — barely down 1.88% while the rest of the market bleeds. That's what conviction looks like. 💎
Current picture:
💪 Strong uptrend — price above all major SMAs
📊 4H RSI at 58.8 — healthy pullback territory
📈 Daily RSI at 76 — bullish lean without max overbought
🔻 Declining volume (0.61x avg) — no panic selling
ETH has climbed from the $1,877 level (99-day SMA) to $2,463. That's a 31% move. The fact that it's holding above $2,400 on lower volume tells me buyers aren't rushing to exit.
**Why This Trade?**
In a strong uptrend, pullbacks to the 4H SMA cluster ($2,452) are buying opportunities. The risk/reward is clean.
🎯 Trade Plan (Long):
Entry: $2,441 - $2,485
Stop Loss: $2,406 (tight, below support)
TP1: $2,562 | TP2: $2,660 | TP3: $2,759
Risk/Reward: 1.7:1
ETH bulls — are you adding on this dip or waiting for $2,400? 👇
#ETH #Ethereum #DYOR
⚠️ Disclaimer: This is personal analysis, not financial advice. Always DYOR and manage your own risk.
Current picture:
💪 Strong uptrend — price above all major SMAs
📊 4H RSI at 58.8 — healthy pullback territory
📈 Daily RSI at 76 — bullish lean without max overbought
🔻 Declining volume (0.61x avg) — no panic selling
ETH has climbed from the $1,877 level (99-day SMA) to $2,463. That's a 31% move. The fact that it's holding above $2,400 on lower volume tells me buyers aren't rushing to exit.
**Why This Trade?**
In a strong uptrend, pullbacks to the 4H SMA cluster ($2,452) are buying opportunities. The risk/reward is clean.
🎯 Trade Plan (Long):
Entry: $2,441 - $2,485
Stop Loss: $2,406 (tight, below support)
TP1: $2,562 | TP2: $2,660 | TP3: $2,759
Risk/Reward: 1.7:1
ETH bulls — are you adding on this dip or waiting for $2,400? 👇
#ETH #Ethereum #DYOR
⚠️ Disclaimer: This is personal analysis, not financial advice. Always DYOR and manage your own risk.