🔥 $ETH Drops Towards $1,500 — Is It Oversold?
Ethereum slips to $1,858 (-4.55% 24h), testing key support at $1,500. Bears are in control, but RSI hints oversold zone — could this be a buying opportunity? 👀
📊 Market Snapshot
• Price: $1,858.89
• 24h Change: -4.55%
• Support: $1,500
• Resistance: $2,300
• Trading Volume: Elevated, high investor activity
⚡ Tech Check
• RSI: 39.76 — near oversold
• MACD: Bearish momentum
• Price structure: Approaching critical $1,500 support
💰 Key Drivers
• Vitalik Buterin sells 1,869 ETH (~$3.67M) over 2 days
• Part of $18M February liquidation for ecosystem initiatives
• Large wallet movement spooks market, but fundamentals remain strong
🎯 Trading Strategy
• Short-term: Watch $1,500 support closely
• Oversold RSI may trigger short-term bounce
• High volatility → use tight stop-loss for leveraged trades
💬 Your Move:
Do you think $ETH rebounds soon, or heads lower?
#Ethereum #ETH #StrategyBTCPurchase #TrumpNewTariffs #TokenizedRealEstate
