📉 ETH bleeding 3% at $2,441 — but daily RSI at 70 and LS ratio at 1.52 tell a different story.
Ethereum printed $916M in USDT volume while slipping below its 4H SMAs ($2,487 / $2,482). The 4H RSI at 44.7 shows sellers have short-term control. But the daily chart? Still firmly bullish — price is way above SMA25 ($2,111) and SMA99 ($1,885).
📊 Why This Trade?
ETH is following BTC's pullback pattern. The dip from $2,487 to $2,441 is minor noise in a larger uptrend. Volume at 1.15x is normal — no capitulation signals.
🎯 Trade Plan:
• Entry: $2,420 - $2,464
• Stop Loss: $2,385 (below 4H ATR support)
• TP1: $2,539 (SMA7 recovery)
• TP2: $2,637 (extension target)
• Risk/Reward: 1.7:1
🤔 ETH or BTC for the next leg up? Which one do you think bounces harder? 🤷
#ETH #Ethereum #DYOR
⚠️ Disclaimer: Not financial advice. Do your own research. Trade only what you can afford to lose.
Ethereum printed $916M in USDT volume while slipping below its 4H SMAs ($2,487 / $2,482). The 4H RSI at 44.7 shows sellers have short-term control. But the daily chart? Still firmly bullish — price is way above SMA25 ($2,111) and SMA99 ($1,885).
📊 Why This Trade?
ETH is following BTC's pullback pattern. The dip from $2,487 to $2,441 is minor noise in a larger uptrend. Volume at 1.15x is normal — no capitulation signals.
🎯 Trade Plan:
• Entry: $2,420 - $2,464
• Stop Loss: $2,385 (below 4H ATR support)
• TP1: $2,539 (SMA7 recovery)
• TP2: $2,637 (extension target)
• Risk/Reward: 1.7:1
🤔 ETH or BTC for the next leg up? Which one do you think bounces harder? 🤷
#ETH #Ethereum #DYOR
⚠️ Disclaimer: Not financial advice. Do your own research. Trade only what you can afford to lose.