Ethereum is at a decisive point, and traders need to stay sharp as market manipulators may play tricks.
Recent Price Action:
- Earlier drop to $4518 around 6 PM
- Quick rebound to $4640, but don't confuse this with a strong uptrend!
Why Be Careful?
Manipulators often create false breakouts and volatility to confuse traders. A sudden push toward $4800 would cancel out the earlier dump, but it's unlikely to be that easy.
Key Levels:
- Resistance: $4800 (needs strong support above this to confirm upside)
- Support: $4500 (a break below can speed up the fall)
- Pivot: $4650 (sustained hold above = possible rebound, below = bearish)
Trading Outlook:
- Aggressive: Light shorts near $4640, SL: $4680, TP: $4500
- Conservative: Wait for US market open. If ETH holds above $4650 (1H chart), short-term long possible. Otherwise, shorts remain safer.
Risk Reminder:
Don't over-leverage. Avoid overnight holds without a clear plan. The market isn't wrong—strategies can be!
$ETH is currently trading at $4,443.82 (-7.02%). Stay alert and adjust your strategy accordingly! #Ethereum #MarketPullback #BTCWhalesMoveToETH #CryptoRally #FedDovishNow
