💎 ETH pulling back -1.4% to $2,459 while the daily chart prints its strongest uptrend in months — dip or trap?
📊 What the data says:
Daily RSI: 77.1 (elevated but not screaming overbought)
4H RSI: 59.7 (healthy — room to run on shorter timeframes)
Daily MACD: +31.6 and expanding — momentum is firmly bullish
Volume: 1.04x — normal, which means no distribution panic
Price is well above the 7-day ($2,418) and 25-day ($2,037) daily MAs. The 99-day MA sits at $1,874 — that is how far this rally has come.
🎯 The Trade:
• Entry: $2,435 — $2,485
• SL: $2,395 (below 7-day MA — clean invalidation)
• TP1: $2,558 | TP2: $2,657 | TP3: $2,755
• R:R: 1.5
💡 This feels like a healthy breather in a strong trend. The 4H chart is resetting while the daily stays bullish. If $2,400 holds, the next leg up is a matter of when, not if.
ETH $3K this month or correction first? 👇
#ETH #Ethereum #DYOR
⚠️ Not financial advice. Do your own research.
📊 What the data says:
Daily RSI: 77.1 (elevated but not screaming overbought)
4H RSI: 59.7 (healthy — room to run on shorter timeframes)
Daily MACD: +31.6 and expanding — momentum is firmly bullish
Volume: 1.04x — normal, which means no distribution panic
Price is well above the 7-day ($2,418) and 25-day ($2,037) daily MAs. The 99-day MA sits at $1,874 — that is how far this rally has come.
🎯 The Trade:
• Entry: $2,435 — $2,485
• SL: $2,395 (below 7-day MA — clean invalidation)
• TP1: $2,558 | TP2: $2,657 | TP3: $2,755
• R:R: 1.5
💡 This feels like a healthy breather in a strong trend. The 4H chart is resetting while the daily stays bullish. If $2,400 holds, the next leg up is a matter of when, not if.
ETH $3K this month or correction first? 👇
#ETH #Ethereum #DYOR
⚠️ Not financial advice. Do your own research.