$ETH at $2,331 - Is this the bottom or more pain?
Real talks,$ETH is looking weak. Right now $2,331.35 and 24h low was $2,282.46. We fell from $2,526 high and still under pressure.
On my 4H chart:
Supertrend is $2,427 - still acting as big resistance.
BOLL lower band is $2,317 - we are sitting right on it.
EMA7 $2,347 and EMA25 $2,379 both above price, so trend is still bearish.
RSI(6) 32.87 - almost oversold but not yet fully.
My take: If $2,282 holds, we can see a bounce to $2,374 (BOLL mid) then $2,431. But if $2,282 breaks, next support is $2,200.
I am not shorting here, waiting for confirmation. Low volume shows sellers are getting tired.
Are you buying this dip or waiting lower?
Follow me for daily ETH XAU XAG real chart updates.
If this analysis helped you, a small Tip is appreciated 🙏
#ETH #Ethereum #ETHUSDT
Real talks,$ETH is looking weak. Right now $2,331.35 and 24h low was $2,282.46. We fell from $2,526 high and still under pressure.
On my 4H chart:
Supertrend is $2,427 - still acting as big resistance.
BOLL lower band is $2,317 - we are sitting right on it.
EMA7 $2,347 and EMA25 $2,379 both above price, so trend is still bearish.
RSI(6) 32.87 - almost oversold but not yet fully.
My take: If $2,282 holds, we can see a bounce to $2,374 (BOLL mid) then $2,431. But if $2,282 breaks, next support is $2,200.
I am not shorting here, waiting for confirmation. Low volume shows sellers are getting tired.
Are you buying this dip or waiting lower?
Follow me for daily ETH XAU XAG real chart updates.
If this analysis helped you, a small Tip is appreciated 🙏
#ETH #Ethereum #ETHUSDT