🚨 ETH at $2,299: Opportunity or Trap? 📉
Caption: Ethereum (ETH) is currently at a critical juncture! In the last few hours, we have seen a significant sell-off and now the price is trading in the $2,408 zone.
My Analysis: 1️⃣ RSI Check: RSI has gone into the extreme oversold zone, which often indicates a "Relief Bounce." 2️⃣ Major Support: $2,380 - $2,400 is a very strong psychological support. If this breaks, we could go further down. 3️⃣ Fear Factor: There is 'Extreme Fear' in the market, and history shows that when everyone is scared, smart money accumulates.
What do you think? 👇 Let me know in the comments: 🟢 BUY: A bounce will come from here! 🔴 WAIT: It will drop further, waiting for $2,200.
$ETH
ETH
2,118.92
+0.99%