ETH just crossed $2,479. But unlike BTC, it has not gone parabolic yet. That is the edge.
Bitcoin daily RSI is screaming overbought at 80.4. Ethereum is at 79.4. Strong, but with more runway.
đ THE PICTURE
âą Price: $2,479 (+2.68%)
âą Volume: $952M (healthy)
âą 4H RSI: 69 (bullish but not extreme)
âą Daily RSI: 79.4 (strong momentum)
âą L/S ratio: 1.34 (bulls in control)
âą MACD bullish across timeframes
đĄ WHY THIS TRADE?
ETH is holding above all key MAs and the trend is clean. The long/short ratio shows conviction without being dangerously crowded.
When BTC takes a breather (and it will with that RSI), capital typically rotates to ETH. That is the setup here.
đ TRADE PLAN
â Entry: $2,440 - $2,480
â Stop Loss: $2,380
đŻ TP1: $2,580 | TP2: $2,680 | TP3: $2,780
â ïž DISCLAIMER: Not financial advice. DYOR.
ETH at $2,500 resistance. Breakout or rejection? What is your target? đ
#ETH #Ethereum #DYOR
Bitcoin daily RSI is screaming overbought at 80.4. Ethereum is at 79.4. Strong, but with more runway.
đ THE PICTURE
âą Price: $2,479 (+2.68%)
âą Volume: $952M (healthy)
âą 4H RSI: 69 (bullish but not extreme)
âą Daily RSI: 79.4 (strong momentum)
âą L/S ratio: 1.34 (bulls in control)
âą MACD bullish across timeframes
đĄ WHY THIS TRADE?
ETH is holding above all key MAs and the trend is clean. The long/short ratio shows conviction without being dangerously crowded.
When BTC takes a breather (and it will with that RSI), capital typically rotates to ETH. That is the setup here.
đ TRADE PLAN
â Entry: $2,440 - $2,480
â Stop Loss: $2,380
đŻ TP1: $2,580 | TP2: $2,680 | TP3: $2,780
â ïž DISCLAIMER: Not financial advice. DYOR.
ETH at $2,500 resistance. Breakout or rejection? What is your target? đ
#ETH #Ethereum #DYOR