$ETH bounced hard today and not many people talking about it 👀
Morning dump went all the way to 2318, then the 17:00 4H candle took it straight back to 2440 on big volume. Now sitting around 2455, right on the EMA20.
For me the real test is 2500 to 2510. That was the floor on Oct 13 and 14 and the EMA50 is sitting there too. A 4H close above 2510 and I start believing this bounce.
If it slips back under 2420 though, probably we see 2320 again and honestly I wouldn't be shocked.
You guys think ETH gets back over 2500 this week?
Not financial advice, just a midnight chart check 😅
$ETH $2400 is gone. $ETH at critical support. If $2350 breaks, next stop is $2100. If it holds, we bounce to $2700. Are you scared or ready? #EthereumDropsBelow$2400 #BTCFallsBelow$81K #AishCryptoTraders
Momentum indicators flash red, with RSI climbing into overbought territory and the stochastic crossing down. Volume spikes support a potential reversal, while the price has struggled to breach recent resistance. A bearish divergence on the MACD reinforces the short bias. Target the nearest support zone, watching for a quick dip. Manage risk tightly, as the scalp trade thrives on rapid price decay.