๐จ $ETH /USDT โ Breakdown or Bounce Incoming? ๐ฅ
#Ethereum just dropped 4.8%, slipping to $2,623. With high volatility and support levels in play, is this a prime dip-buying zoneโor should we brace for more downside?
๐ Market Overview
๐ Current Price: $2,623.79
๐ 24h High: $2,757.14
โ๏ธ 24h Low: $2,557.07
๐ 24h Volume: 730,744.71 ETH / $1.95B USDT
๐ Technical Indicators:
MA(7): $2,618.99
MA(25): $2,668.88
MA(99): $2,631.20
RSI(6): 45.20 (Neutral, leaning bearish)
MACD: Bearish bias emergingโmomentum fading
๐ ETH Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If ETH Holds Above $2,600):
Entry: Above $2,640
Targets: $2,700, $2,750, $2,800+
Stop-Loss: $2,570
๐น Bearish Scenario (If ETH Breaks Below $2,570):
Entry: Below $2,570
Targets: $2,500, $2,460, $2,400
Stop-Loss: $2,640
๐ Should You Buy or Wait?
โ Holding $2,600 = short-term strength is intact
โ ๏ธ Break below $2,570 = opens room for a deeper retrace
โ RSI & MACD suggest a potential bounceโbut need volume!
๐ก Pro Tip:
๐ Watch for a reclaim of $2,668 (25-day MA) with strong volumeโconfirmation for upside move
โ ๏ธ If ETH continues ranging between $2,600โ$2,640 with weak momentum, expect consolidation
๐ข Are you stacking ETH here or waiting for the next dip?
๐ฅ LIKE & SHARE if you're riding the ETH waves like a pro! ๐
