$ETH Bounce Coming or a Deeper Dive? Let’s Break It Down
Ethereum just flirted with that key resistance around $2,879, only to cool off and drop back to $2,760. It's down about 1.8% in the past 24 hours, and now the question is — is this a shakeout or the start of something deeper?
Here’s what’s catching my attention right now:
🔍 On the 15-minute chart, RSI just plummeted to 17 — yeah, oversold territory big time. That usually sets the stage for at least a short-term bounce. But don't jump in just yet.
📉 1-hour MACD just turned bearish, which could mean there’s still some short-term downside pressure. But take a closer look — volume spiked hard during the dip, and that kind of action usually hints at larger players scooping up cheap ETH. 👀🐋
So, what’s the bigger picture saying?
🕓 The 4-hour trend is hanging on — barely. Momentum is clearly slowing, and the bulls? They’re showing hesitation. Not a rug pull yet, but we’re at a critical level.
Here’s what I’m watching next:
$2,754 is the immediate support. This level needs to hold. If it does, we could see a quick bounce back to the $2,800–2,820 range.
Lose $2,754? Then the door opens to a deeper slide — think $2,670 as the next potential landing zone.
RSI needs to reclaim 30 before we can even talk about a real bounce.
Also keeping an eye out for a MACD bullish cross on the lower timeframes — that could signal a pivot.
⚠️ Bottom line? This could be just a healthy cooldown, or it could turn into a steeper correction. Let the charts lead, not emotions. Don't chase green candles — capital protection always comes first.
What’s your move? Sitting tight or eyeing a dip-buy opportunity? Drop your thoughts below 👎
