Let’s keep it real — Ethereum has taken a hit.
After a steady climb to around $2,800, $ETH has now slid all the way down to $2,514, with some volatility pulling it even closer to the $2,505 zone. For those eyeing a rebound, this might look like a tempting entry point — and yes, it could be. But now's the time to be smart, not bold.
⚠️ A Crucial Warning Before You Jump In:
There's a key support level at $2,428, but don't be fooled — it’s likely a trap, possibly set up by market makers to lure in early buyers before another leg down. If you're planning to enter a position, set a tight stop-loss just below that level. And if it breaks? Get out immediately. No second-guessing.
🧠 A Strategic Entry Plan:
This isn’t the time to go all-in. Treat it like catching a falling knife — risky and painful if done wrong. If you want to test the waters, do it in small batches. Scale in slowly and protect your capital.
🔍 One More Thing — On-Chain Activity:
At 20:36 tonight, nearly 26,000 ETH was transferred to Binance. That’s a significant signal — possibly indicating incoming sell pressure. Pay close attention to how price reacts around that $2,428 level. If $ETH breaks below it, the next bearish target could be around $2,300.
Final Thoughts:
Trade with discipline, not ego.
Respect the trend. Respect your stop-loss. And most importantly — don’t try to outsmart the market when it's clearly in control.
Stay sharp. Stay patient. The market will always give you another chance.