š§ ETH: Bounce Incoming or Deeper Dive?
Current Structure:
Price: ~$2,760
Resistance rejected: $2,879
Drop: -1.8%
15-min RSI: 17 ā Extremely oversold
1H MACD: Bearish flip
4H Trend: Still intact... but weak
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š What Iām Seeing:
š Volume Spikes
Big buys during dips = Smart money positioning ahead of volatility.
š Bear Case:
Breakdown of $2,754 = Possible quick fall to $2,670
MACD and fading momentum = cautious zone
š Bull Case:
RSI reclaiming 30 = early bounce signal
MACD bullish cross on 15-min or 1H = entry sign
Holding $2,754 = potential $2,800ā2,820 retest
š”ļø Strategy:
Scalpers: Wait for confirmation above $2,780 or bullish divergence
Swing traders: No bounce = step aside and re-enter near $2,670
Investors: Dollar-cost average zones approaching ā but be patient
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š¬ My Play:
Watching RSI & MACD. Iāll long on reclaim + volume confirmation above $2,780, stop below $2,740.