$ETH just tapped into a key resistance zone near $2,879 before cooling off toward $2,760, sliding -1.8% in the past 24H. Nothing out of the ordinary? Maybe — but something caught my eye that you might’ve missed. 👇
🔍 RSI Says "Oversold"
On the 15-min chart, RSI just nosedived to 17 — yep, deep in oversold territory. This kind of exhaustion usually signals one thing: a bounce may be brewing. But before you ape in, here’s what the bigger picture says…
🧭 1H Chart – Mixed Signals
MACD just flipped bearish, which does raise short-term caution. But what stood out were those volume spikes during the drop — not retail noise, that’s smart money stepping in. 🐋 Pay attention when they move.
🧱 4H Structure – Hanging by a Thread
Technically, the 4-hour trend is still intact, but barely. Momentum is clearly fading, and bulls seem hesitant — no aggressive defense yet. A sign of a correction, or just a cool-off before continuation?
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🔥 What I’m Watching
📌 $2,754 — Critical support.
> Hold it, and we could see a quick recovery back to the $2,800–$2,820 range.
📉 Lose it?
> $2,670 comes into focus as the next major demand zone.
🔁 RSI reclaiming 30+ on LTFs = first real bounce signal
🔄 MACD bullish cross on 15-min/30-min = confirmation for scalp trades
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⚠️ Final Thoughts
This isn’t the time to chase green candles or panic-sell on red. It’s a data-driven zone — patience pays. Whether this is a deeper flush or just a reset, the charts will confirm it first.
🎯 Capital protection > emotional trades. Always.
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💬 What’s your current ETH play? Are you eyeing the bounce or bracing for more downside?
Drop your strategy in the comments ⬇️
Let’s chart it out together. 📊