ETH Market Update: Bears are stepping in quietly! 📉🐻
Crypto army… away from the noise of the optimists as ETH rises now by 4.01%+ to reach $1,631.91. The numbers on the chart image 24009.jpg reveal smart money liquidity flowing out slowly at the local peak of $1,637.20! 🦅 Sellers are taking control behind the scenes.
📊 Quick Technical Assessment:
Weary momentum: RSI(6) is steady at 65.44, a clear sign that buyer strength is fading and that a sudden corrective drop is approaching to cleanse the market.
Instant support break: The current candles are pressing hard to break the nearest moving average MA7 at ($1,630.49). Holding below it opens the door for the price to slide toward MA25 at ($1,626.57).
📉 Attack Plan (Trade Plan):
🎯 Position: SHORT / Bearish 🔴
🎯 Entry Zone: $1,632.00 — $1,634.50$
🎯 Targets (Take Profit):
First Target: $1,626.50$ 🎯
Second Target: #KoreaKOSDAQRulesRiskCryptoTreasuryFirmDelisting $SPCXB $MUB $TSLAB
Crypto army… away from the noise of the optimists as ETH rises now by 4.01%+ to reach $1,631.91. The numbers on the chart image 24009.jpg reveal smart money liquidity flowing out slowly at the local peak of $1,637.20! 🦅 Sellers are taking control behind the scenes.
📊 Quick Technical Assessment:
Weary momentum: RSI(6) is steady at 65.44, a clear sign that buyer strength is fading and that a sudden corrective drop is approaching to cleanse the market.
Instant support break: The current candles are pressing hard to break the nearest moving average MA7 at ($1,630.49). Holding below it opens the door for the price to slide toward MA25 at ($1,626.57).
📉 Attack Plan (Trade Plan):
🎯 Position: SHORT / Bearish 🔴
🎯 Entry Zone: $1,632.00 — $1,634.50$
🎯 Targets (Take Profit):
First Target: $1,626.50$ 🎯
Second Target: #KoreaKOSDAQRulesRiskCryptoTreasuryFirmDelisting $SPCXB $MUB $TSLAB