𩸠ETH below $1,900 and the ETH/BTC ratio keeps bleeding â but capitulation might be closer than you think.
Ethereum is at $1,878, down 2.6% on the day. The 4H RSI is at 38 (leaning bearish), volume is declining at 0.51x average, and price is testing the $1,867 low. The daily MACD is still positive but momentum is fading fast.
đ Why This Matters?
ETH is at a critical juncture. The $1,800 level has held twice before, and each time it triggered a 15%+ bounce. The funding rate is near zero â meaning leveraged longs have already been flushed out. That is usually when bottoms form.
đŻ Trade Plan:
⢠Entry: $1,800â$1,900 (wait for the $1,800 test)
⢠Stop Loss: $1,700 (breakdown below means deeper correction)
⢠TP1: $2,100 (+12%, reclaim the 25-SMA)
⢠TP2: $2,400 (if market sentiment flips)
Why wait? ETH/BTC is still in freefall â I need to see a daily close above $1,900 before committing fresh capital.
⥠ETH bulls â are you adding here or waiting for $1,700? Be honest đ
đ Disclaimer: This is analysis, not financial advice. Always DYOR and manage your risk.
#ETH #Ethereum #DYOR
Ethereum is at $1,878, down 2.6% on the day. The 4H RSI is at 38 (leaning bearish), volume is declining at 0.51x average, and price is testing the $1,867 low. The daily MACD is still positive but momentum is fading fast.
đ Why This Matters?
ETH is at a critical juncture. The $1,800 level has held twice before, and each time it triggered a 15%+ bounce. The funding rate is near zero â meaning leveraged longs have already been flushed out. That is usually when bottoms form.
đŻ Trade Plan:
⢠Entry: $1,800â$1,900 (wait for the $1,800 test)
⢠Stop Loss: $1,700 (breakdown below means deeper correction)
⢠TP1: $2,100 (+12%, reclaim the 25-SMA)
⢠TP2: $2,400 (if market sentiment flips)
Why wait? ETH/BTC is still in freefall â I need to see a daily close above $1,900 before committing fresh capital.
⥠ETH bulls â are you adding here or waiting for $1,700? Be honest đ
đ Disclaimer: This is analysis, not financial advice. Always DYOR and manage your risk.
#ETH #Ethereum #DYOR