$ETH Trade Setup & Key Levels 🎯
Ethereum wicked into $2,060 before rebounding to $2,120. With 4H RSI near 33, oversold relief is attempting to build, but the 7D trend stays bearish below major EMAs.
Key Levels:
• Resistance: $2,155 (4H EMA9) & $2,200 (4H EMA21)
• Critical Support: $2,060
• Breakdown Trigger: Loss of $2,060 targets $1,980
Plan: Scalp bounce toward $2,150-$2,190 with strict SL below $2,050 (R:R ~2.2). Protect capital until $2,200 is reclaimed.
Are you bidding the $2,060 bounce or waiting for sub-$2,000?
#Ethereum #CryptoTrading
Ethereum wicked into $2,060 before rebounding to $2,120. With 4H RSI near 33, oversold relief is attempting to build, but the 7D trend stays bearish below major EMAs.
Key Levels:
• Resistance: $2,155 (4H EMA9) & $2,200 (4H EMA21)
• Critical Support: $2,060
• Breakdown Trigger: Loss of $2,060 targets $1,980
Plan: Scalp bounce toward $2,150-$2,190 with strict SL below $2,050 (R:R ~2.2). Protect capital until $2,200 is reclaimed.
Are you bidding the $2,060 bounce or waiting for sub-$2,000?
#Ethereum #CryptoTrading
