🔻 ETH $2,409 — Cracks in the Armor?
Ethereum is down -1.98% on $735M volume. Not a crash, but the 4H chart tells a worrying story: RSI at 40.3, MACD deeply negative (-3.52), and price below both SMA7 ($2,455) and SMA25 ($2,469). The short-term trend has flipped bearish.
📊 Why This Trade?
Daily RSI at 66 still looks healthy, but the 4H structure is deteriorating. Volume ratio at 1.11x is normal — this is not a panic sell, it is a controlled rotation out. L/S ratio at 1.52 means the crowd is still long, adding risk of cascading stops.
🎯 Trade Plan (SHORT):
• Entry: $2,396 - $2,422
• Stop Loss: $2,462 (above SMA25 resistance)
• TP1: $2,324 | TP2: $2,252
• Risk/Reward: 1.6R
ETH daily uptrend is intact (SMA99 at $1,895), but this correction could deepen before buyers step in.
Are you accumulating ETH here or waiting lower? 👇
#ETH #Ethereum #DYOR
⚠️ Not financial advice. Always do your own research and manage risk responsibly.