$ETH is showing strong bearish momentum on the 1D chart! 🚨 Currently trading at $1,960.31 after a sharp -2.62% drop in the last 24h, with the price breaking down hard from the Bollinger Band midline (~$2,440) and heading toward the lower band area.
Key indicators screaming caution:
RSI(6) at 27.28 & RSI(14) at 28.82 → deeply oversold territory, hinting at potential exhaustion soon.
Stochastic (K 36.71, D 31.60) curling up slightly from low levels.
Price has already smashed through previous support near $2,020 and is testing around the $1,960 zone, with a possible slide to the lower Bollinger (~$1,635) or the marked support line at ~$1,736 if selling pressure continues.
SHORT Trade Forecast – High-Conviction Bearish Setup! 📉
Entry: Around current levels ~$1,960 or on a retest of $1,980–$2,000
Take Profit: $1,736 (first strong support) → then extend to $1,634 (Bollinger lower band) for bigger gains
Stop Loss: $2,021 (above recent swing high / invalidation level)
Risk-reward looks solid ~1:3+ on the first TP. Bears in control for now – don't fight the trend! ETH could see more downside before any real bounce in this volatile market.
Trade
$ETH USDT NOW! Short or hedge your spot – act fast before the next leg down! Follow & turn 🔔 on for more real-time setups ✅💥
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