๐ง $ETH โ Bounce Incoming or Are We Dropping Deeper?
Ethereum (\$ETH ) just hit resistance near \$2,879 and has since cooled off to \$2,760, showing a -1.8% drop in the past 24 hours. What really grabbed my attention? The 15-minute RSI just crashed to 17 โ yeah, thatโs deep in oversold territory. ๐
Now, checking the 1-hour chart, MACD is flipping bearish โ short-term pressure is building. But those volume spikes during the dip? Could be smart money stepping in. ๐
Before we call it a breakdown, letโs not forget: the 4-hour trend is still hanging on, but just barely. Momentumโs fading, and the bulls? They're clearly playing it safe for now.
๐ What Iโm watching next:
*Support at \$2,754** โ this is the key level.
If it holds, we could see a retest of \$2,800โ2,820.
If it breaks, the next stop might be around \$2,670.
*RSI needs to push back above 30** for a real bounce signal.
*MACD bullish cross** on lower timeframes = potential early reversal clue.
โ ๏ธ Is this a correction or just a reset?
Let the charts lead. Stay patient. Donโt chase pumps. And most importantly โ protect your capital.
Whatโs your take on \$ETH right now? ๐๐
Drop your thoughts below ๐
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#CryptoMarketAlert #Ethereum #Binance
