$ETH – Panic Drop & Potential Fade

Ethereum plunged nearly -9%, dropping from $2,880 to $2,436 before recovering to ~$2,518. The 4h candle shows extreme volume on the flush — likely capitulation or forced liquidations.

📉 Indicators flash weakness:

RSI oversold on 4h (14.5), weak on 1h (34), showing limited buyer strength

MACD deeply negative on all frames; no bullish crossover yet

Net outflow: –150K ETH in 24h, with large wallets pulling over 84K ETH

This is not a reversal — yet.

🔻 Trade idea (short bias, dead cat bounce setup)

Entry zone: $2,525–2,550

Stop-loss: $2,595

Take-profit: $2,450 (extension to $2,375 if BTC weakens further)

Bias: Fade into resistance, not breakout

Watch BTC closely — ETH may mirror its volatility with stronger % swings.

🛑 Risk management essential – markets remain fragile.