Ethereum ($ETH) just hit the resistance area around $2,879 before retreating to $2,760, currently facing a -1.8% decline over the past 24 hours. What caught my attention is that the 15-minute RSI plummeted to 17. Is it oversold? Absolutely. 👀 If you examine the 1-hour chart, you'll notice the MACD turning bearish, indicating short-term pressure. However, take a closer look at those volume spikes during the downturn—it's smart money at work. 🐋
Before we jump to conclusions about a complete reversal, the 4-hour trend is still technically intact, though just barely. Momentum is waning, and the bulls seem to be lacking confidence. 📍 Here’s what I’m focused on next: $2,754 support—this is a crucial level. If it holds, we could see a retest of $2,800–2,820 soon. If it breaks, we might experience a slide down to $2,670. The RSI must recover to 30 for a genuine bounce signal. Watch out for a MACD bullish cross on shorter timeframes. ⚠️ Is this a correction or a healthy reset? The charts will reveal the answer. Don't chase candles—always safeguard your capital. What are your thoughts on this? 📉📈 Share your opinions below ⬇️ #CryptoMarketAlert #Ethereum #Binance
