📉 $ETH /USDT – Weakening Below Key Averages, Correction in Motion ⚠️
$ETH is trading at $2,443.04 (-4.11%), breaking below all major EMAs: EMA(7) at 2,450.04, EMA(25) at 2,497.65, and EMA(99) at 2,550.11. The sharp drop from the 24h high of $2,559.55 to a low of $2,367.36 signals strong selling pressure.
🎯 Trade Setup (Short-Term Rebound or Breakdown):
Entry: $2,435 – $2,450
TP1: $2,489
TP2: $2,528
TP3: $2,580
Stop Loss: $2,366
If ETH fails to reclaim the 25 EMA soon, a further drop toward $2,350 is possible. However, a bounce from this zone could offer a quick scalp opportunity. Monitor closely for volume shifts.