Ethereum Price Watch: Fakeout or Freefall Ahead? đš
$ETH â 4,514.53 (-2.2%)
Ethereum is flashing signs of a potential fakeout rally. After a steep decline, the price is bouncing backâbut traders should be cautious. This recovery could be a trap before another leg down.
Key Levels to Monitor:
Resistance at $4,800 â ETH must break above this zone to confirm a real bullish reversal.
Support at $4,500 â A clean break below this could trigger accelerated selling.
Pivot at $4,650 â This is the line in the sand. Holding above favors bulls, staying below strengthens bears.
Trading Playbook:
Aggressive Traders â Watch for a short setup near $4,640, with a stop-loss around $4,680 and target near $4,500.
Conservative Traders â Wait for the U.S. session to kick in. If ETH holds above $4,650, a cautious long may be safe. If not, siding with the bears could be the smarter move.
â ïž Risk Reminder: Avoid high leverage and donât hold positions overnight without a clear plan. The market isnât wrongâbad strategies are.
Disclaimer: This content is for educational purposes only. Crypto trading carries risk, and you should never invest more than you can afford to lose.
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