$ETH /USDT Technical Check: Bull Trap or Rebound?** 🚨
$ETH just took a hit, flushing down to **$2,340** before bouncing. Is this the bottom or just a breather before more pain?
**Key Takeaways:**
* **Support:** Strong defense at **$2,340** (4H EMA 25). The 15M "Hammer" candle shows bulls are fighting back.
* **Resistance:** Currently struggling to flip **$2,375 - $2,380** (EMA 7 & 99). A rejection here confirms a Bearish trend.
* **Momentum:** RSI is neutral-low (~40). Market is indecisive.
**Trading Setup:**
📉 **Bearish:** If $2,380 holds as resistance, we retest **$2,340** and potentially **$2,311**.
📈 **Bullish:** A clean break above **$2,385** targets **$2,410+**.
**Verdict:** With BTC wobbling at $78k, high leverage is suicide right now. Tighten your SL and watch the $2,340 floor.
**Short the rip or Long the dip? Comment below!** 👇