$ETH /USDT Approaches Resistance – Overbought Alert!
Ethereum is attempting a recovery, trading at $2,508.69 (-3.29%), after bouncing from the day’s low of $2,474.24. Price is now approaching the 99 EMA at $2,542.30, a key resistance level. However, RSI is at 81.09, signaling overbought conditions on the 15-min chart.
Trade Setup (SHORT – Pullback Play):
Entry: $2,510 – $2,525
TP1: $2,480
TP2: $2,460
SL: $2,555
Volume shows fading bullish strength, and ETH may face rejection near the 99 EMA. A pullback is likely unless momentum breaks through with force.
Watch for confirmation before entry. Smart money reacts, not chases.
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Buy and trade here $ETH