š§ $ETH ā Bounce Incoming or Deeper Dive? Here's My Take.
$ETH just hit that key resistance near $2,879 before pulling back to around $2,760 ā down about 1.8% in the past 24 hours. But what really stood out to me? The 15-min RSI dumped all the way to 17. Yeah, thatās deep in oversold territory. š
Checked the 1H chart ā MACDās turning bearish, suggesting more short-term downside. But those volume spikes on the dip? That smells like smart money stepping in. š
Now, Iām not screaming āreversalā yet. The 4H trend is just holding upā¦ but momentum is clearly fading. Bulls are stalling out a bit here.
š Key levels Iām watching:
$2,754 support ā this is critical. If we hold above, a push back to $2,800ā2,820 could be on deck.
Lose that level? We might be heading toward $2,670 next.
RSI needs to bounce back above 30 for any serious recovery signs.
Also keeping an eye out for a bullish MACD cross on lower timeframes.
ā ļø Is this a correction or just a healthy cooldown before the next leg? Still waiting for confirmation. No point chasing candles ā capital preservation comes first.
How are you playing this one? šš
Drop your take ā¬ļø
