🚨 $ETH /USDT – Oversold or Over for Now? ⚠️🔽
#Ethereum has posted a healthy 3.76% rebound, but RSI is flashing warning signs. Price is near key resistance, while volume is drying up. Is ETH set for a breakout—or another fakeout? Let’s break it down 👇
📊 Market Overview
📍 Current Price: $2,628.91
📈 24h High: $2,712.36
❄️ 24h Low: $2,532.41
💰 24h Volume: 801,737.64 ETH | $2.12B
📊 Moving Averages:
MA(7): $2,653.38
MA(25): $2,635.82
MA(99): $2,564.01
📉 RSI (6): 25.77 (Heavily Oversold)
📈 ETH Trade Setup – Key Levels to Watch
🔹 Bullish Scenario (Oversold bounce play):
Entry: $2,625–$2,635
Targets: $2,688, $2,712, $2,747
Stop-Loss: Below $2,560
🔹 Bearish Scenario (Failure to reclaim $2,650):
Entry: $2,640–$2,645
Targets: $2,600, $2,565, $2,463
Stop-Loss: Above $2,715
🔍 Quick Take
⚠️ RSI at 25.77 signals an oversold market—expect volatility
⚠️ Price stuck between MA(25) and resistance zone
✅ Above MA(99), short-term structure still intact, but weakening
💡 Pro Tip:
Watch for a clean break above $2,688 with volume to confirm a bullish continuation. If rejected below $2,650, downside could resume quickly.
📢 Are you trading this ETH move or sitting it out?
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