🔥 $ETH /USDT – Testing Key Support! Knife or Opportunity? 🔪🛡️
#Ethereum just dropped -6.61% to $2,539.60 — breaking below multiple moving averages. Is this a bounce zone or a trapdoor?
📊 Market Overview
📍 Current Price: $2,539.60
📈 24h High: $2,732.76
❄️ 24h Low: $2,498.30
📉 RSI(6): 44.24 (Neutral–leaning bearish)
📊 Moving Averages:
MA(7): $2,531.76
MA(25): $2,599.43
MA(99): $2,575.38
💰 Volume: 885.6K ETH / $2.30B USDT
🧠 Momentum: Weakening short-term trend, below key MAs
📈 ETH Trade Setup – What to Watch
🔹 Bullish Scenario (If ETH holds above $2,530 support):
Entry: Above $2,540
Targets: $2,575, $2,600, $2,660
Stop-Loss: $2,495
🔹 Bearish Scenario (If $2,530 breaks with volume):
Entry: Below $2,495
Targets: $2,450, $2,395, $2,300
Stop-Loss: $2,570
🔍 Quick Take
⚠️ Trading below all major MAs
⚠️ RSI neutral but dipping
🧠 Price stuck in compression between $2,530 and $2,600
💣 Break of either side could bring volatility
💡 Strategy Tip:
👀 Watch for a fakeout under $2,500 – liquidity pools likely lie beneath
🔔 Confirmation candle + volume needed for both directions
📢 Is this correction a reset for ETH — or a sign of further weakness?
📣 LIKE & RETWEET if you value these clean setups! 👇