$ETH – Bounce Incoming or Deeper Dive? Let’s Talk. $ETH Eth
MuhammadNawab
Updated at: a day ago
{"content":"$ETH – Bounce Incoming or Deeper Dive? Let’s Talk.
$ETH Ethereum just tapped the resistance zone around $2,879 before cooling off to $2,760 — and now it's riding a -1.8% drop in the last 24 hours. But here’s what caught my eye: the 15-min RSI just tanked to 17. Oversold? You bet. 👀
Zoom into the 1H chart and you’ll see the MACD flipping bearish, signaling short-term pressure. But look closer — those volume spikes during the dip? That’s smart money moving. 🐋
Now, before we call it a full-blown reversal, the 4H trend is still technically holding... barely. Momentum is fading though, and the bulls? They're hesitating.
📍 Here’s what I’m watching next:
$2,754 support — this is the line in the sand. Hold it, and we might retest $2,800–2,820 soon.
Break it? Then say hello to a potential slide toward $2,670.
RSI needs to reclaim 30 to hint at a real bounce.
Watch for a MACD bullish cross on low timeframes.
⚠️ Correction or just a healthy reset? Charts will tell. Don’t chase candles — protect your capital, always.
What’s your play here? 📉📈
Drop your thoughts ⬇️","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/12/f434aeb82bd942a1a82b99c7fc9c1843.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}