ETH just lost $1,900 and the market didn't even blink. That tells you everything about current sentiment.
Ethereum is sitting at $1,885 with $616M in net whale outflows and declining volume across all timeframes. The breakdown below $1,900 was clean — no fight from the bulls whatsoever.
📊 The Picture
• Price: $1,885 (-1.8%)
• 4H RSI: 43 (bearish lean)
• Volume: Declining — sellers are in control without urgency
• Below SMA7 on both 4H and daily
🎯 Trade Plan
• Watch zone: $1,800 - $1,850 (last meaningful support)
• Entry: Only on stabilization with volume uptick
• Stop: $1,720 (below the swing low)
• TP1: $2,000 | TP2: $2,150
• R:R: ~1.7R
The frustrating thing about ETH is the long-term thesis remains intact, but short-term price action says wait. Don't let conviction turn into stubbornness.
Still holding ETH or did you lighten up? What's your strategy? 👇
#ETH #Ethereum #DYOR
⚠️ Not financial advice. Always do your own research and manage risk carefully.
Ethereum is sitting at $1,885 with $616M in net whale outflows and declining volume across all timeframes. The breakdown below $1,900 was clean — no fight from the bulls whatsoever.
📊 The Picture
• Price: $1,885 (-1.8%)
• 4H RSI: 43 (bearish lean)
• Volume: Declining — sellers are in control without urgency
• Below SMA7 on both 4H and daily
🎯 Trade Plan
• Watch zone: $1,800 - $1,850 (last meaningful support)
• Entry: Only on stabilization with volume uptick
• Stop: $1,720 (below the swing low)
• TP1: $2,000 | TP2: $2,150
• R:R: ~1.7R
The frustrating thing about ETH is the long-term thesis remains intact, but short-term price action says wait. Don't let conviction turn into stubbornness.
Still holding ETH or did you lighten up? What's your strategy? 👇
#ETH #Ethereum #DYOR
⚠️ Not financial advice. Always do your own research and manage risk carefully.