đ ETH broke below $1,900 and $616M in whale capital just walked out. But here's why I'm still bullish medium-term...
đ The Picture:
Ethereum sits at $1,894, down 1.39%. The 4H chart shows a clean downtrend with price below SMA25 ($1,908). RSI(4H) at 46.7 is neutral-to-weak, and volume is declining (0.64x average) â sellers aren't aggressive, they're just in control. Daily RSI at 52.6 tells me the bigger picture isn't broken yet.
đ§ The Bull Case Under Pressure:
ETH has been consolidating between $1,800 and $2,000 for weeks. This range compression usually precedes a big move. The daily MACD is positive (+15.9) with a positive histogram (+3.18), which means the daily trend is still constructive. The $1,800â$1,850 zone has been tested twice and held â third test incoming? If it holds, that's a higher-low in a macro uptrend.
đ The Plan:
đ Entry Zone: $1,800â$1,850 (proven demand zone)
đ Stop Loss: $1,720 (breakdown invalidation)
đŻ TP1: $2,000 | TP2: $2,150
âïž Risk/Reward: 1.7R
ETH isn't broken â it's coiling. The question is whether $1,800 holds or we get a fakeout. Patience pays here.
đ€ Are you accumulating ETH on these dips or waiting for a bigger drop? What's your conviction level? đ
#Ethereum #ETH #DYOR
â ïž This is not financial advice. Always do your own research and manage risk carefully.
đ The Picture:
Ethereum sits at $1,894, down 1.39%. The 4H chart shows a clean downtrend with price below SMA25 ($1,908). RSI(4H) at 46.7 is neutral-to-weak, and volume is declining (0.64x average) â sellers aren't aggressive, they're just in control. Daily RSI at 52.6 tells me the bigger picture isn't broken yet.
đ§ The Bull Case Under Pressure:
ETH has been consolidating between $1,800 and $2,000 for weeks. This range compression usually precedes a big move. The daily MACD is positive (+15.9) with a positive histogram (+3.18), which means the daily trend is still constructive. The $1,800â$1,850 zone has been tested twice and held â third test incoming? If it holds, that's a higher-low in a macro uptrend.
đ The Plan:
đ Entry Zone: $1,800â$1,850 (proven demand zone)
đ Stop Loss: $1,720 (breakdown invalidation)
đŻ TP1: $2,000 | TP2: $2,150
âïž Risk/Reward: 1.7R
ETH isn't broken â it's coiling. The question is whether $1,800 holds or we get a fakeout. Patience pays here.
đ€ Are you accumulating ETH on these dips or waiting for a bigger drop? What's your conviction level? đ
#Ethereum #ETH #DYOR
â ïž This is not financial advice. Always do your own research and manage risk carefully.