📉 ETH at $2,415 — down 1.74% and quietly sliding below key support. Here's why I'm watching closely.
4H RSI at 40.9 and falling. MACD histogram negative at -1.15. Price is below both 4H SMA7 ($2,451) and SMA25 ($2,466) — the short-term structure just flipped bearish. But the daily picture (RSI 66.2, MACD hist +29) is still intact.
Volume is normal (0.98x), which means this isn't a panic sell — it's a controlled rotation out. Long/short ratio at 1.53 tells me longs are crowded. When everyone is long, the easy move is down.
📋 SHORT-TERM SHORT PLAN:
• Entry: $2,403 – $2,429
• Stop Loss: $2,467 (above 4H SMA25 cluster)
• TP1: $2,331 | TP2: $2,259 | TP3: $2,162
• R:R = 1.6x
This is a counter-trend scalp, NOT a bearish call on ETH. The daily trend is still your friend. I'm looking to short a 2-3% move, then flip long at $2,260-$2,160 if we get there.
⚡ Are you buying this dip or shorting it? What's your ETH bias this week? 👇
#ETH #Crypto #DYOR
⚠️ This is not financial advice. Always do your own research and manage risk carefully.