$ETH (Ethereum) is standing at a make-or-break point, and traders must stay cautious as market manipulators may trigger fake moves.

📉 Earlier Drop: ETH slipped to 4518 around 6 PM.

📈 Quick Bounce: Price recovered near 4640, but this rebound may just be a trap — not a sign of strength.


👉 Why Caution?

If ETH surges past 4800, it could invalidate the earlier drop. But more often, false breakouts and volatility are used to mislead retail traders.

📊 Key Levels to Watch

  • 🔼 Resistance: 4800 → Needs strong confirmation above this for bullish momentum.

  • 🔽 Support: 4500 → A clean break below can accelerate downside.

  • ⚖️ Pivot: 4650 → Holding above suggests rebound potential; slipping below signals weakness.


🎯 Trading Outlook

  • 🔥 Aggressive Setup: Light shorts near 4640 | SL: 4680 | TP: 4500.

  • 🛑 Conservative Play: Wait for US market open. If ETH holds 4650+ (1H), short-term longs may work. If not, shorts stay safer.

⚠️ Risk Reminder

  • Don’t over-leverage.

  • Avoid blind overnight holds.

  • The market isn’t wrong — trading strategies can be.