🧠 ETH – Bounce Brewing or Deeper Drop? Let’s Break It Down.
$ETH just tagged the resistance zone near $2,879, then cooled off to $2,760, sliding -1.8% in the past 24 hours. But here’s the kicker — the 15-min RSI just cratered to 17. Oversold? Absolutely. 👀
On the 1H chart, the MACD is turning bearish, hinting at short-term downside pressure. But zoom in: those volume spikes on the dip? That’s not retail — that’s smart money getting active. 🐋
Before we call it a full reversal, note this — the 4H trend is just holding. Momentum is fading, and bulls are clearly on pause.
📍 Key Levels I’m Watching:
$2,754 support – critical zone. Hold this, and we could see a bounce toward $2,800–2,820.
Lose it? We may head for a retest of $2,670.
RSI reclaiming 30 would be a first sign of strength.
A MACD bullish cross on low timeframes could spark a rebound.
⚠️ Is this a healthy pullback or the start of something bigger? Price action will lead. Don’t chase — defend your capital.
What's your move here? 📉📈
Drop your thoughts below ⬇️
