After the movement of SOL, $ETH is not left behind and seeks to recover ground. But be careful, the indicators give us a red alert:
1️⃣ RSI at 82 points: In the 4H chart, we see a clear overbought condition. The price has risen without rest and needs to 'breathe'.
2️⃣ Daily EMA 50: We are hitting the resistance of $2,217. Historically, this level has been a difficult wall to overcome.
Waiting Zone: I do not buy at resistance. I await a pullback to the EMA 200 zone in 4H ($2,100) for a safer entry.
Take Profit (TP): $2,217 (if it bounces) and then $2,380.
Stop Loss (SL): $2,030 (below the 50 EMA on 4H).
Patience pays, FOMO costs a lot. Manage your risk!
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