ETH at $2,463 with daily RSI at 76. Overbought? Or just getting started like BTC was at $50K? š§
The picture: ETH is in a strong uptrend, price well above SMA7 daily ($2,446) and SMA25 ($2,061). The 4H MACD is positive with expanding histogram. But volume is fading at 0.61x average ā that is the bearish divergence whisper.
š Why This Trade?
ETH/BTC ratio has been recovering, and ETH is finally showing relative strength. The L/S ratio at 1.31 is the highest in this batch ā the crowd is VERY long. That is either confirmation of the trend or setup for a painful flush if support breaks. The $2,400-$2,450 zone (SMA7 4H) is your line in the sand.
šÆ Trade Plan:
ā¢ Entry: $2,441 ā $2,485 (tight range around current price)
ā¢ Stop Loss: $2,406 (below SMA7 4H ā clean invalidation)
ā¢ TP1: $2,562 | TP2: $2,660 | TP3: $2,759
ā¢ Risk/Reward: 1.7
This is a HOLD setup. If you are in, ride it. If you want in, wait for a dip to $2,400.
ā ETH bulls say $3K next, bears say $2,200. Where do you stand? š
#ETH #Ethereum #DYOR
ā ļø Disclaimer: This is not financial advice. Crypto is volatile. Always do your own research and manage risk responsibly.
The picture: ETH is in a strong uptrend, price well above SMA7 daily ($2,446) and SMA25 ($2,061). The 4H MACD is positive with expanding histogram. But volume is fading at 0.61x average ā that is the bearish divergence whisper.
š Why This Trade?
ETH/BTC ratio has been recovering, and ETH is finally showing relative strength. The L/S ratio at 1.31 is the highest in this batch ā the crowd is VERY long. That is either confirmation of the trend or setup for a painful flush if support breaks. The $2,400-$2,450 zone (SMA7 4H) is your line in the sand.
šÆ Trade Plan:
ā¢ Entry: $2,441 ā $2,485 (tight range around current price)
ā¢ Stop Loss: $2,406 (below SMA7 4H ā clean invalidation)
ā¢ TP1: $2,562 | TP2: $2,660 | TP3: $2,759
ā¢ Risk/Reward: 1.7
This is a HOLD setup. If you are in, ride it. If you want in, wait for a dip to $2,400.
ā ETH bulls say $3K next, bears say $2,200. Where do you stand? š
#ETH #Ethereum #DYOR
ā ļø Disclaimer: This is not financial advice. Crypto is volatile. Always do your own research and manage risk responsibly.