đš ETH Emergency Update: Extreme Oversold Level Hit! Pullback Loading? đš
âEthereum ($ETH) is facing heavy pressure on both 1h & 4h charts, currently hovering around the $2,360 - $2,363 major support zone.
âđ Key Technical Observations:
âRSI (14) Indicator: The 1h RSI has dropped to 25.28 (Extreme Oversold Zone). Historically, whenever RSI reaches these levels, a short-term relief bounce or pullback is highly likely.
âEMA (9) Resistance: Price is currently trading below the EMA 9 line ($2,410 - $2,430). To confirm a trend reversal, we need a strong 1h Green Candle closing above the EMA 9.
âđĄ Game Plan / Strategy:
âWait for Trigger: Buying blindly without confirmation is risky. Wait for the RSI to cross back above 30 alongside a solid green candle closure.
âSupport / Invalidation: Key local support sits at $2,350 - $2,360.
âTarget Zone: In case of a pullback, the primary quick target is $2,420 - $2,450.
âPatience over FOMO! Wait for proper confirmation before entering. đŻ
âđ Whatâs your take? Will ETH bounce back to $2,450 from here? Drop your thoughts below!
â(Follow for daily chart breakdowns & risk-managed trading setups)
âEthereum ($ETH) is facing heavy pressure on both 1h & 4h charts, currently hovering around the $2,360 - $2,363 major support zone.
âđ Key Technical Observations:
âRSI (14) Indicator: The 1h RSI has dropped to 25.28 (Extreme Oversold Zone). Historically, whenever RSI reaches these levels, a short-term relief bounce or pullback is highly likely.
âEMA (9) Resistance: Price is currently trading below the EMA 9 line ($2,410 - $2,430). To confirm a trend reversal, we need a strong 1h Green Candle closing above the EMA 9.
âđĄ Game Plan / Strategy:
âWait for Trigger: Buying blindly without confirmation is risky. Wait for the RSI to cross back above 30 alongside a solid green candle closure.
âSupport / Invalidation: Key local support sits at $2,350 - $2,360.
âTarget Zone: In case of a pullback, the primary quick target is $2,420 - $2,450.
âPatience over FOMO! Wait for proper confirmation before entering. đŻ
âđ Whatâs your take? Will ETH bounce back to $2,450 from here? Drop your thoughts below!
â(Follow for daily chart breakdowns & risk-managed trading setups)