#Ethereum has recently shown signs of market manipulation, with price action moving from a sharp drop at $4,518 to a rebound near $4,640. While this recovery may appear encouraging, traders should exercise caution as such bounces often turn out to be false traps.

Critical Levels

  • Resistance: $4,800 → A sustained move above this level is required to confirm a genuine breakout.

  • Support: $4,500 → A breakdown here could trigger accelerated downside momentum.

  • Pivot: $4,650 → Holding above this zone suggests recovery potential, while failure below it signals continued bearish pressure.

Trading Approaches

  • Aggressive Strategy: Consider light short positions around $4,640, with a stop-loss near $4,680 and a target around $4,500.

  • Conservative Strategy: Monitor the U.S. session. If ETH maintains strength above $4,650 (1H timeframe), long positions may be favorable. If not, short setups remain safer.

Risk Management

  • Avoid excessive leverage.

  • Be cautious with overnight positions.

  • Remember: markets are not wrong — poor strategy and risk management often are.

$ETH