🔻 $ETH /USDT – Trend Reversal or Dip Opportunity?
Current Price: $3,467.33
24h Change: -5.30%
24h High/Low: $3,675.85 / $3,431.75
4H Chart Outlook: Bearish momentum continues, but signs of local support are emerging.
📊 Market Insights:
Ethereum (ETH) has taken a sharp dip over the past few candles, shedding over 5% in just 24 hours. The price recently bounced from the $3,431 support zone, which previously acted as a key level in late July.
Despite the downtrend, this level is showing resilience — and we’re watching closely for signs of stabilization.
🔍 Technical Overview:
Trend: Short-term bearish
Support Zone: $3,430 – $3,400
Resistance Zone: $3,520 – $3,630
Volume Spike: Moderate — suggesting a potential local bottom is forming
Candle Structure: Lower highs and lower lows, but wicks are appearing at the bottom — a possible exhaustion of sellers
🎯 Trade Setup (Short-Term Swing):
Setup Type: Long (Bounce Play)
Entry Zone: $3,450 – $3,470
Target 1 (TP1): $3,520
Target 2 (TP2): $3,590
Stop Loss: $3,405 (below wick zone)
🧠 Pro Tip: If ETH holds above $3,450 for the next two 4H candles, a short-term reversal could follow. Watch for bullish divergence on RSI or MACD to confirm entry. Avoid rushing in — let the structure confirm support first.