You don't get to call yourself a veteran until you've watched ETH bleed out beneath a level everyone swore would hold.
$ETH is at 2495. The 4H chart is bearish — moving averages crossed, momentum fading, and the bounce from 2474 looks exhausted.
Funding is barely positive. Open interest has drained. Long-short ratio above 3 means the crowd is positioned one way while structure argues the opposite. That imbalance usually resolves ugly.
2507 is the pivot. 2563 invalidates the bearish read on a 4H close. Downside target: 2408. Below that, a bearish daily gap sits at 2520–2538 — overhead only if buyers reclaim momentum they don't have.
Weekly still leans bullish, but 2313 is the line between a healthy correction and something uglier.
This market wants to test patience before it tests 2400. The risk isn't a crash — it's the slow bleed that makes you question every bounce.
Tap $ETH to pull up the chart and see how price is behaving around the 2507 pivot.
The 2500 area matters more than most people realize. What level are you watching on $ETH right now? 👇
Not financial advice. DYOR.
Follow for the next read on this chart.
#ETH #Ethereum #Crypto #BinanceSquare
$ETH is at 2495. The 4H chart is bearish — moving averages crossed, momentum fading, and the bounce from 2474 looks exhausted.
Funding is barely positive. Open interest has drained. Long-short ratio above 3 means the crowd is positioned one way while structure argues the opposite. That imbalance usually resolves ugly.
2507 is the pivot. 2563 invalidates the bearish read on a 4H close. Downside target: 2408. Below that, a bearish daily gap sits at 2520–2538 — overhead only if buyers reclaim momentum they don't have.
Weekly still leans bullish, but 2313 is the line between a healthy correction and something uglier.
This market wants to test patience before it tests 2400. The risk isn't a crash — it's the slow bleed that makes you question every bounce.
Tap $ETH to pull up the chart and see how price is behaving around the 2507 pivot.
The 2500 area matters more than most people realize. What level are you watching on $ETH right now? 👇
Not financial advice. DYOR.
Follow for the next read on this chart.
#ETH #Ethereum #Crypto #BinanceSquare