Spot trades on $ETH and $SOL
Ethereum (ETH): Testing the $3k Floor
Current Condition: ETH has taken a harder hit, plummeting over 10% this week to trade around $2,920. This is the first time ETH has been below $3,000 in three weeks.
Market Sentiment: ETH is currently "oversold" on the 4-hour RSI, suggesting a relief bounce is imminent.
Spot Trade Idea:
Entry Zone: $2,880 – $2,950.
Take Profit (TP): $3,210 | $3,400 (Major Resistance).
Stop Loss (SL): $2,740 (Protect against a slide to $2.5k).
Solana (SOL): Institutional Defensive Play
Current Condition: SOL is showing relative strength, trading at $134.03 after bouncing from the $131 level. It remains the "favorite" for institutional dip-buyers due to its high TVL and ETF inflows.
Market Sentiment: Bullish long-term conviction remains high (82.5% sentiment score).
Spot Trade Idea:
Entry Zone: $131.00 – $135.00.
Take Profit (TP): $146.00 | $158.00.
Stop Loss (SL): $124.00 (Structural invalidation level).