❓ Is $ETH's bounce from $2,406 a bottom or a dead-cat?
✅ +3.8% off the Oct 8 low, now $2,498
✅ 4H RSI climbed from oversold to 32
⚠️ $2,538 (Oct 7 low) now sits overhead as resistance
⚠️ 4H 20 EMA $2,567 and 50 EMA $2,626 both falling
⚠️ ETH ETFs: 8th straight day of outflows
🎯 My take: a 4H close over $2,538 opens $2,600; below $2,406 → Sep 15 low $2,359
💬 Is ETH under $2,500 a gift or a trap? 👇
#Ethereum #ETH #TechnicalAnalysis
✅ +3.8% off the Oct 8 low, now $2,498
✅ 4H RSI climbed from oversold to 32
⚠️ $2,538 (Oct 7 low) now sits overhead as resistance
⚠️ 4H 20 EMA $2,567 and 50 EMA $2,626 both falling
⚠️ ETH ETFs: 8th straight day of outflows
🎯 My take: a 4H close over $2,538 opens $2,600; below $2,406 → Sep 15 low $2,359
💬 Is ETH under $2,500 a gift or a trap? 👇
#Ethereum #ETH #TechnicalAnalysis