$ETH ETH - Short-Term Neutral to Bearish Outlook (1H Chart) 📉

Hey Crypto Fam! 👋

Quick update on ETH/USDT on the 1-hour chart:

Price consolidating below MA(7) and MA(25) after a recent pump.

RSI still has room to fall.

Stochastic RSI is oversold, but needs confirmation.

MACD showing bearish momentum.

Potential Trade Idea:

👀 Watching for a break below 2470-2475 USDT for a potential SHORT entry.

Stop Loss (for short): Above 2505 USDT

Target 1 (for short): 2430-2440 USDT

Target 2 (for short): 2380-2390 USDT

Alternatively, will watch for a break above MA(7) and MA(25) with volume for potential longs