ETH just kissed the resistance zone near $2,879 before cooling off to $2,760 — now sitting on a -1.8% dip over the past 24 hours. But here’s what grabbed my attention: 15-min RSI just nuked to 17. Oversold? Absolutely. 👀
Slide into the 1H chart, and you'll spot the MACD turning bearish — short-term selling pressure is creeping in. But zoom in tighter — see those volume spikes on the dip? That’s smart money stepping in. 🐋
Now, is this a full-blown reversal? Not just yet. The 4H trend is still technically alive... but hanging by a thread. Momentum’s slipping, and bulls? Definitely second-guessing.
📍 My watchlist:
$2,754 — key support. If it holds, a bounce toward $2,800–2,820 is on the table.
Lose that level? Could see a deeper cut down to $2,670.
RSI reclaiming 30 = early bounce signal.
Watch for a MACD bullish cross on the lower timeframes.
⚠️ Is this just a correction, or the start of something bigger? Let the price action speak.
Don’t chase green candles — capital protection first.
What’s your game plan here? 📉📈