$ETH is hovering at a critical support zone around $1,944 after a steady downtrend — but signs of exhaustion are showing! 📉

The chart reveals ETH trading below all major EMAs (8 at ~$1,994, 13 at ~$2,050, 21 at ~$2,172), with price rejecting higher levels and forming lower highs/lows. RSI(14) sits at ~33, deeply oversold, while Stochastic is curling up from low levels (K:33, D:39) — classic bounce setup incoming.

Volume shows recent spikes on red candles, but selling pressure looks like it's fading near this demand area (~$1,736 was previous low, now testing higher support).

Bearish bias still dominates short-term, but oversold oscillators scream potential relief rally or reversal if buyers step in aggressively.

Trade Idea: SHORT $ETH /USDT (cautious contrarian play if rejection confirms)

Entry: Now around 1,944–1,950

Take Profit: 1,905 (recent 24h low) → first target, then 1,850 if momentum builds

Stop Loss: 1,987 (above 24h high & EMA8) — tight risk!

Risk only 1-2% per trade — this is high-vol crypto, always DYOR!

ETH could bounce hard from here or break lower — watch for volume confirmation. Are you buying the dip or fading the rally? Drop your thoughts below! 🔥

Trade $ETH / $USDT Now! Follow & turn 🔔 on for more setups ✅

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