Ethereum just showed a classic manipulation move:
๐ Dropped to $4,518 โ ๐ Bounced back near $4,640.
โ ๏ธ But be careful โ these rebounds are often fake traps!
๐ Key Levels to Watch:
๐ผ Resistance: $4,800 โ Needs strong support above this for a real breakout.
๐ฝ Support: $4,500 โ A break below could speed up the fall.
โ๏ธ Pivot: $4,650 โ Above = possible rebound, Below = bears in control.
๐ฏ Trade Ideas:
Aggressive: Short around $4,640 | SL: $4,680 | TP: $4,500.
Conservative: Wait for the US session. If ETH holds above $4,650 (1H chart), go long. If not, shorts are safer.
โ ๏ธ Risk Reminder:
Donโt use high leverage.
Avoid overnight positions without a clear plan.
Remember: The market isnโt wrong โ only bad strategies are!
๐ ETH Price: $4,425.47 (-3.8%)