Let’s get straight to the point — Ethereum ($ETH) $ETH has taken a sharp hit, sliding from around $2,800 to nearly $2,540. As I write this, we're hovering near $2,505, and while that may look like a tempting entry point for bottom fishing, it's no time to get reckless. $ETH
⚠️ Key Risk Level: $2,428
Here’s where it gets tricky. The $2,428 level isn't just another support line — it’s likely a trap, potentially set up by market makers to lure in late bulls. It might hold for a bit, but if it breaks, you need to exit fast. No hesitation. Set your stop-loss just below it and stick to your plan.
📊 On-Chain Red Flag
A notable red flag popped up at 20:36 tonight: 26,000 ETH was transferred to Binance. That kind of volume isn’t random — it signals potential sell-side pressure. Trying to catch a falling knife here? That’s a dangerous game. If you’re still eyeing an entry, scale in slowly. Go with small, staggered buys instead of jumping all in.
🔻 Breakdown Scenario
Should $ETH break below $2,428, the next downside target sits near $2,300. That’s your bearish pivot. Don’t argue with the trend. As always, respect your stop-loss and protect your capital — the goal isn’t to be right all the time, it’s to survive and trade smarter tomorrow.
