$ETH BULL TRAP CONFIRMED: MASSIVE DUMP IMMINENT
Entry: 2623 🟩
Target 1: 2111 🎯
Target 2: 1600 🎯
Stop Loss: 1385 🛑
The bears have taken over $ETH. The $4,868 breakout was a trap. Price is below the 50-week SMA at $3,070. Selling pressure at the 20-week EMA at $3,454 is crushing buyers. Support at $2,623 is about to break. A fall to $2,111 and then $1,600 is highly probable. The $1,600 – $1,385 range will see fierce defense. A breakout above $3,454 is needed to signal a weakening bear market. Then, targets of $4,000, $4,956, $6,194, and $9,030 become possible. Act fast.
Disclaimer: This is not financial advice.
ETHUSDT
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