🚨 RIVER & ETH ALERT: Major Downfall or a Hidden Buy Opportunity? 📉
$RIVER
$ETH The market is showing significant volatility today, and two major assets are hitting critical "make or break" zones. If you are trading RIVER or Ethereum (ETH), you need to see this technical breakdown.
1️⃣ RIVER: The Sharp Decline continues 📉
Current State: RIVER is currently hovering around $8.00, struggling to maintain momentum.
The Breakdown: It has officially slipped below the EMA(9) ($8.09) and EMA(20) ($8.20). In technical terms, the bears are in full control.
Risk Level: We previously saw a flash wick down to $6.90. If the $8.00 psychological support fails to hold on the hourly close, we could see a fast retest of that $7.00 floor.
2️⃣ Ethereum (ETH): Testing the Bottom ⚖️
Current Price: $1,948.
The Struggle: ETH is currently in a "consolidation-bottoming" phase. While it’s showing more resilience than altcoins, it remains trapped under the $1,952 resistance.
Key Levels: Watch the $1,906 support closely. A bounce here could lead to a relief rally toward $2,050, but a break below could trigger a deeper correction toward $1,800.
💡 Trader's Strategy:
Avoid Revenge Trading: The high "Ask" volume suggests heavy selling pressure. Don't try to catch a falling knife without confirmation.
Confirmation: Wait for a solid 4-hour candle close above $8.56 (RIVER) or $1,955 (ETH) before considering a long position.
Risk Management: Volatility is extreme. Use tight Stop-Losses to protect your capital!
#CryptoNews #RIVER
#Ethereum #TechnicalAnalysis #TradingSigna l
#BinanceSquar e
#MarketUpdate