ETH Analysis (4H Chart):
Price: $3192
RSI: 42 ๐ (still some room to drop)
Bollinger Bands:
Upper: $3497
Middle: $3331
Lower: $3166
Right now, ETH is chilling around the lower Bollinger Band, but RSI at 42 means itโs not oversold yet. If we see a drop to the $2930-$3030 range, RSI could hit below 30, which is usually a good spot for a bounce ๐.
Short-term idea:
Short from $3160-$3200, targeting $3030-$2930, with a stop at $3230.
Reason? ETH struggling below the mid-band, and RSI has room to fall.
Long opportunity:
If ETH dips to $2930-$3030, RSI should hit oversold levels (<30), making it a solid entry for a long.
Expect a bounce back to at least $3160-$3200.
TL;DR : Short now, long later when RSI goes oversold. Keep an eye on volume and market sentiment! ๐