ETH barely moved (-0.3%) while BTC pumps — is Ethereum losing its mojo or coiling for something bigger? 🌀
Ethereum sits at $2,474 with $1.18B in volume — but the price action is flat compared to Bitcoin's +1.87%. The 4H chart shows price hovering between SMA7 ($2,484) and SMA25 ($2,448), indecisive.
The daily picture is more bullish though: strong uptrend with RSI at 78.9 (overbought but holding), and MACD histogram expanding. Volume is slightly below average (0.89x), which could mean accumulation before the next leg.
📋 Trade Plan (HOLD):
• Entry: $2,448 - $2,500 (SMA25 to SMA7 range)
• Stop Loss: $2,407 (below SMA25 — trend break)
• TP1: $2,573 | TP2: $2,672 | TP3: $2,771
• R:R = 1.5
ETH/BTC ratio weakness is the elephant in the room. Until ETH breaks out of this consolidation, it's a hold, not a buy.
Bullish on ETH or rotating to BTC? 👇
#ETH #Ethereum #DYOR
⚠️ Not financial advice. Always DYOR.
Ethereum sits at $2,474 with $1.18B in volume — but the price action is flat compared to Bitcoin's +1.87%. The 4H chart shows price hovering between SMA7 ($2,484) and SMA25 ($2,448), indecisive.
The daily picture is more bullish though: strong uptrend with RSI at 78.9 (overbought but holding), and MACD histogram expanding. Volume is slightly below average (0.89x), which could mean accumulation before the next leg.
📋 Trade Plan (HOLD):
• Entry: $2,448 - $2,500 (SMA25 to SMA7 range)
• Stop Loss: $2,407 (below SMA25 — trend break)
• TP1: $2,573 | TP2: $2,672 | TP3: $2,771
• R:R = 1.5
ETH/BTC ratio weakness is the elephant in the room. Until ETH breaks out of this consolidation, it's a hold, not a buy.
Bullish on ETH or rotating to BTC? 👇
#ETH #Ethereum #DYOR
⚠️ Not financial advice. Always DYOR.