๐ง ETH at $2,403 โ quiet, drifting, and nobody is paying attention. That is usually when things get interesting.
ETH is down just 0.54% with very low volume (0.39x average). The 4H chart shows consolidation with a bearish lean โ RSI at 42.5 and MACD negative. But the daily structure tells a different story: price is above the 25-day SMA ($2,237) and the 99-day SMA ($1,905).
๐ Why This Trade?
4H RSI at 42.5 suggests mild selling pressure. MACD histogram at -3.23 is contracting โ not accelerating. This looks like a pullback within a larger uptrend, not a trend reversal.
The daily chart is constructive: MACD histogram expanding (+24.3) and price holding above key moving averages. Volume is thin, which means this drift lower lacks conviction.
๐ Trade Plan (SHORT):
โข Entry: $2,386 โ $2,421
โข Stop Loss: $2,473 (above 4H resistance cluster)
โข TP1: $2,315 | TP2: $2,243 | TP3: $2,148
โข R:R = 1.3x
Why these levels? Entry covers the current 4H Bollinger range. SL is above the 4H SMA25 ($2,435) โ if price reclaims that, the short thesis is invalidated. Targets are the daily SMA25 ($2,237) and psychological support at $2,150.
โก ETH low-volume drift is deceptive. Thin markets can break hard in either direction. The daily structure says this is a dip, but 4H momentum says more downside first.
ETH to $2,200 or $2,600 โ which happens first? ๐
#ETH #Ethereum #DYOR
โ ๏ธ This is not financial advice. Always do your own research and manage risk.
ETH is down just 0.54% with very low volume (0.39x average). The 4H chart shows consolidation with a bearish lean โ RSI at 42.5 and MACD negative. But the daily structure tells a different story: price is above the 25-day SMA ($2,237) and the 99-day SMA ($1,905).
๐ Why This Trade?
4H RSI at 42.5 suggests mild selling pressure. MACD histogram at -3.23 is contracting โ not accelerating. This looks like a pullback within a larger uptrend, not a trend reversal.
The daily chart is constructive: MACD histogram expanding (+24.3) and price holding above key moving averages. Volume is thin, which means this drift lower lacks conviction.
๐ Trade Plan (SHORT):
โข Entry: $2,386 โ $2,421
โข Stop Loss: $2,473 (above 4H resistance cluster)
โข TP1: $2,315 | TP2: $2,243 | TP3: $2,148
โข R:R = 1.3x
Why these levels? Entry covers the current 4H Bollinger range. SL is above the 4H SMA25 ($2,435) โ if price reclaims that, the short thesis is invalidated. Targets are the daily SMA25 ($2,237) and psychological support at $2,150.
โก ETH low-volume drift is deceptive. Thin markets can break hard in either direction. The daily structure says this is a dip, but 4H momentum says more downside first.
ETH to $2,200 or $2,600 โ which happens first? ๐
#ETH #Ethereum #DYOR
โ ๏ธ This is not financial advice. Always do your own research and manage risk.