ETH bleeding 2.38% while you're reading this. But look closer đ
Price hovering at $2,436 with volume at just 0.23x average â that's unusually quiet. 4H RSI at 44.1 shows weakness, but daily RSI at 69.4 confirms the uptrend is still alive. Price sits well above the 25-day SMA ($2,134) and 99-day ($1,888).
The Setup:
Sellers are exhausted, not buyers. On the 4H, price is below both MAs (7-SMA $2,442, 25-SMA $2,473) which looks bearish short-term. But the daily structure is intact. This is a classic consolidation before the next move.
Trade Plan (LONG):
đ Entry: $2,419 - $2,454
đ Stop: $2,391
đŻ TP1: $2,534
đŻ TP2: $2,631
đŻ TP3: $2,728
Risk/Reward at 2.1x â one of the cleanest setups on the board right now.
ETH at $2,400 or $2,800 first? Vote below đ
#ETH #Ethereum #DYOR
â ïž This is not financial advice. Always do your own research and manage risk carefully.
Price hovering at $2,436 with volume at just 0.23x average â that's unusually quiet. 4H RSI at 44.1 shows weakness, but daily RSI at 69.4 confirms the uptrend is still alive. Price sits well above the 25-day SMA ($2,134) and 99-day ($1,888).
The Setup:
Sellers are exhausted, not buyers. On the 4H, price is below both MAs (7-SMA $2,442, 25-SMA $2,473) which looks bearish short-term. But the daily structure is intact. This is a classic consolidation before the next move.
Trade Plan (LONG):
đ Entry: $2,419 - $2,454
đ Stop: $2,391
đŻ TP1: $2,534
đŻ TP2: $2,631
đŻ TP3: $2,728
Risk/Reward at 2.1x â one of the cleanest setups on the board right now.
ETH at $2,400 or $2,800 first? Vote below đ
#ETH #Ethereum #DYOR
â ïž This is not financial advice. Always do your own research and manage risk carefully.