ETH taking a big hit down nearly 7% to $2,189.34.
Now trading well below both EMAs, and the RSI is flashing deeply
LONG (oversold bounce play):
· Entry: $2,170 $2,190 (if RSI shows recovery above 25)
· TP: $2,244 $2,298
· SL: Below $2,165
SHORT (breakdown continuation):
· Entry: Below $2,166 with rising volume
· TP: $2,151 $2,100
· SL: Above $2,190
Extreme RSI suggests a bounce is possible, but with price below all key EMAs, any bounce may be sold into until $2,298+ is reclaimed.
Watch Bitcoin’s movement ETH often follows BTC in sharp moves.
What’s your ETH plan buying the dip or waiting for more confirmation?
Let me know in the comments 👇
ETHUSDT
Perp
2,057.16
+7.32%