🔷 Starting to keep a close eye on #ETH
The coin has shown strong upward momentum in recent weeks, and now, with the broader market pulling back, it’s a prime time to look for an entry point on the correction 🎯.
On the local timeframe, we’ve seen a bearish divergence on the RSI play out. Price broke down out of the ascending channel and dropped below the key mirror level around ~$3,620.
It’s still unclear whether the correction has fully played out. But so far, it has:
1. Pulled RSI into oversold territory
2. Swept liquidity below support
Theoretically, we could drop lower — maybe to the 200EMA or another major support zone. But the reversal after this local correction seems close. That’s why I’m keeping a sharp focus on Ethereum right now, scouting for a solid setup ☝️
