⚡ ETH dropping to $2,434 with $895M in volume — the question is whether this is a buying opportunity or a warning sign.
4H chart: RSI 43.3, price below SMA7 ($2,478) and SMA25 ($2,480). Short-term structure is clearly down. But daily RSI at 69.2 and price well above SMA25 ($2,111) tells me the macro trend is still intact.
📊 Trade Plan:
Entry: $2,413 - $2,455
SL: $2,380
TP1: $2,530 | TP2: $2,630
L/S ratio at 1.51 — longs are piling in. That's either smart money or crowded positioning.
You buying this dip? 🤔
#ETH #Ethereum #DYOR
⚠️ Not financial advice. Trade at your own risk.
4H chart: RSI 43.3, price below SMA7 ($2,478) and SMA25 ($2,480). Short-term structure is clearly down. But daily RSI at 69.2 and price well above SMA25 ($2,111) tells me the macro trend is still intact.
📊 Trade Plan:
Entry: $2,413 - $2,455
SL: $2,380
TP1: $2,530 | TP2: $2,630
L/S ratio at 1.51 — longs are piling in. That's either smart money or crowded positioning.
You buying this dip? 🤔
#ETH #Ethereum #DYOR
⚠️ Not financial advice. Trade at your own risk.