๐ฅ $ETH /USDT โ Testing Key Support! Knife or Opportunity? ๐ช๐ก๏ธ
#Ethereum just dropped -6.61% to $2,539.60 โ breaking below multiple moving averages. Is this a bounce zone or a trapdoor?
๐ Market Overview
๐ Current Price: $2,539.60
๐ 24h High: $2,732.76
โ๏ธ 24h Low: $2,498.30
๐ RSI(6): 44.24 (Neutralโleaning bearish)
๐ Moving Averages:
MA(7): $2,531.76
MA(25): $2,599.43
MA(99): $2,575.38
๐ฐ Volume: 885.6K ETH / $2.30B USDT
๐ง Momentum: Weakening short-term trend, below key MAs
๐ ETH Trade Setup โ What to Watch
๐น Bullish Scenario (If ETH holds above $2,530 support):
Entry: Above $2,540
Targets: $2,575, $2,600, $2,660
Stop-Loss: $2,495
๐น Bearish Scenario (If $2,530 breaks with volume):
Entry: Below $2,495
Targets: $2,450, $2,395, $2,300
Stop-Loss: $2,570
๐ Quick Take
โ ๏ธ Trading below all major MAs
โ ๏ธ RSI neutral but dipping
๐ง Price stuck in compression between $2,530 and $2,600
๐ฃ Break of either side could bring volatility
๐ก Strategy Tip:
๐ Watch for a fakeout under $2,500 โ liquidity pools likely lie beneath
๐ Confirmation candle + volume needed for both directions
๐ข Is this correction a reset for ETH โ or a sign of further weakness?
๐ฃ LIKE & RETWEET if you value these clean setups! ๐
