$ETH – Short-Term Dip or Start of a Bigger Drop? 📉🤔
#Ethereum recently faced rejection near the $2,935 level and has pulled back toward the $2,759 zone. Over the past 24 hours, ETH has slipped by around -1.5%, pushing the RSI (15-minute) down to 15, which signals oversold conditions 🔻📊. This kind of drop often leads to a short-term recovery, especially if buyers step back in. On the 1-hour chart, the MACD has flipped bearish 🧭🔴, suggesting short-term selling pressure. However, rising trading volume during this dip indicates that many traders are watching this level closely 👀📈.
Zooming out to the 4-hour chart, ETH's broader uptrend is still intact for now ✅📈, but the slowing momentum hints at hesitation among buyers. The next major support lies near $2,805 — this is a crucial level to hold. If it does, we could see a bounce back toward $2,850–$2,870 🎯. If not, Ethereum could decline further toward the $2,720 area. 🧨
🔍 Key Levels & Signals to Watch:
✅ Price holding above $2,805
📈 RSI climbing back over 30
🔁 MACD turning bullish on lower timeframes
Trade with care and use proper risk management 💼🛡️. ETH could be preparing for a quick rebound — or a deeper dip. Stick to your plan and protect your capital! 💰📉📊
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