ETH is range-bound; no clear edge yet.

$ETH /USDT: NO TRADE YET, waiting for one side to break
Bias: NEUTRAL · 3 bullish vs 1 bearish

Two scenarios, no position yet:
LONG on a 1h close above 2497.80 → targets 2535.48 / 2560.60 / 2598.28, stop 2447.56
SHORT on a 1h close below 2401.37 → targets 2363.69 / 2338.57 / 2300.89, stop 2451.61
In between (4.0% wide): no edge, no trade.

Technical read: NEUTRAL. 3 of 12 signals bullish, 1 bearish, 8 undecided.
Bullish side:
• BTC is rising, this coin follows (corr 0.86)
• Buyers have the momentum (1h RSI 56.9)
Bearish side:
• 4h trend down (below EMA50 & EMA200)

My read:
The 1h RSI is at 56.9, meaning buyers have momentum, while BTC is rising and ETH tends to follow. However, the 4h trend is a bearish stack, with price below both the EMA50 and EMA200. The daily trend is a range, so the big picture is undecided. The invalidation level is 2395.31.

What is your bias on ETH at 2497.80?

Chart with every level below.

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⚠️ Personal market analysis only. NFA — manage risk and DYOR.
Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.