Ethereum is at a critical level, and traders need to be very careful. Market manipulators may try to create fake moves to confuse retail traders.
๐ Earlier Drop: ETH fell to $4,518 around 6 PM.
๐ Quick Bounce: It recovered to around $4,640, but this doesnโt mean the trend is bullish. Such bounces can often be fake traps.
๐ Why Stay Alert?
If ETH pushes above $4,800 with strength, it could cancel the earlier dump.
But usually, manipulators create false breakouts and high volatility to trick traders.
๐ Key Levels to Watch:
๐ผ Resistance: $4,800 โ needs strong support above this for a real uptrend.
๐ฝ Support: $4,500 โ a break below could speed up the fall.
โ๏ธ Pivot: $4,650 โ holding above may support a rebound, while staying below is bearish.
๐ฏ Trading Plan:
Aggressive traders: Consider light shorts near $4,640. Stop-loss: $4,680. Target: $4,500.
Conservative traders: Wait for the US market open. If ETH stays above $4,650 (on 1H chart), a short-term long is possible. If not, shorts are safer.
โ Risk Reminder:
Donโt use high leverage.
Avoid holding trades overnight without a clear plan.
Remember: The market is never wrong โ only strategies can be.
๐ Current Price: $4,443.82 (-7.02%)
