đ· ETH at $1,904. Down just 0.2%. Boring? Maybe. But boring setups often produce the best trades.
The technicals: 4H RSI at 57.5 â leaning bullish without being overbought. Price is holding above the 4H SMA25 ($1,880) and the 7D SMA ($1,882). MACD on both 4H and 1D are positive with expanding histograms. The structure is quietly constructive.
L/S ratio at 1.47 â longs are dominant but not dangerously so. Volume is 0.73x average, meaning there's no panic selling despite FGI being at 25.
đ The Play:
â Entry: $1,850â$1,900 on a dip to the 4H SMA25 zone
đ Stop: $1,750 â below the psychological and structural support
đŻ TP1: $2,000 | TP2: $2,100
âïž R:R = 1:1
Why ETH is interesting: While everyone's chasing +50% altcoin pumps, ETH is building a base. The $1,900 level has been tested multiple times and holding. When (not if) this breaks above $1,930, the move to $2,100+ happens fast.
The risk: ETH is following BTC's lead. If BTC breaks down, ETH goes with it. That's why the $1,750 stop is non-negotiable.
Think of this as the calm before the storm â in either direction. Position accordingly.
đ€ ETH $2,000 this month or $1,700 first? Drop your target đ
#ETH #Ethereum #DYOR
â ïž Disclaimer: Not financial advice. ETH is correlated with BTC and broader risk assets. DYOR and manage risk.
The technicals: 4H RSI at 57.5 â leaning bullish without being overbought. Price is holding above the 4H SMA25 ($1,880) and the 7D SMA ($1,882). MACD on both 4H and 1D are positive with expanding histograms. The structure is quietly constructive.
L/S ratio at 1.47 â longs are dominant but not dangerously so. Volume is 0.73x average, meaning there's no panic selling despite FGI being at 25.
đ The Play:
â Entry: $1,850â$1,900 on a dip to the 4H SMA25 zone
đ Stop: $1,750 â below the psychological and structural support
đŻ TP1: $2,000 | TP2: $2,100
âïž R:R = 1:1
Why ETH is interesting: While everyone's chasing +50% altcoin pumps, ETH is building a base. The $1,900 level has been tested multiple times and holding. When (not if) this breaks above $1,930, the move to $2,100+ happens fast.
The risk: ETH is following BTC's lead. If BTC breaks down, ETH goes with it. That's why the $1,750 stop is non-negotiable.
Think of this as the calm before the storm â in either direction. Position accordingly.
đ€ ETH $2,000 this month or $1,700 first? Drop your target đ
#ETH #Ethereum #DYOR
â ïž Disclaimer: Not financial advice. ETH is correlated with BTC and broader risk assets. DYOR and manage risk.