$ETH just tapped resistance around $2,879, only to cool off back to $2,760, riding a -1.8% drop over the last 24 hours. But here’s the kicker:
👉 15-min RSI just hit 17.
Oversold? Absolutely. 👀
Now zoom in on the 1H chart — the MACD flipped bearish, suggesting short-term downside pressure. But here’s what’s interesting:
📈 Volume spiked during the dip — that’s smart money stepping in. 🐋
On the 4H timeframe, the uptrend is still barely holding. Momentum’s fading and the bulls? They’re on pause. This could go either way.
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📍 Key Levels I’m Watching:
$2,754 support – Critical zone.
If it holds, we could see a push back to $2,800–$2,820.
If it breaks, next stop might be $2,670.
RSI needs to reclaim 30 for any serious bounce signal.
Watch for a bullish MACD cross on lower timeframes.
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⚠️ Is this a correction or a healthy reset before the next leg up?
What’s your play?
Drop your thoughts below ⬇️📉📈