$ETH On this 1-minute chart ETH/USDT, a powerful downward movement and strong local oversold conditions are visible — a technical rebound or flat with traps is possible:

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Technical situation (M1):

Price: 2537.57 USDT

Drop: -2.14%

Low on the candle: around 2530 USDT

SAR: above the price — bearish trend

RSI(6): 17.52 (!), RSI(12): 23.63 — deep oversold

MACD: negative histogram is strengthening

Stoch RSI: 4.10 and 9.89 — confirms strong downward overload

Volumes: increasing on red candles — bearish control

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Possible trader actions:

Scenario 1 — technical rebound (countertrend, very risky):

• Entry: on a bullish candle with volume + RSI(6) > 25

• SL: below local low (for example, 2529)

• TP1: 2545

• TP2: 2555

• Trailing stop is mandatory

Works like "catching a falling knife", a quick exit is needed on weak momentum

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Scenario 2 — continuation of the trend (trend short addition):

• Entry: upon breaking 2530 down with momentum and RSI < 20

• SL: 2545

• TP1: 2515

• TP2: 2505