$ETH

Everyone is piling into shorts on $ETH right now because the daily chart looks ugly, but I have a feeling the 4-hour is about to completely fake them out. I’m actually looking to catch a counter-trend bounce here.

Here’s my game plan for a LONG:

🟢 **Entries:** 1738 – 1745 (Aiming to get filled around 1742)
🔴 **Stop Loss:** 1700
🎯 **Targets:** 1773 | 1794 | 1825

**Why am I taking this trade?**
First off, the 15m RSI is sitting at 36.69. It’s deep in oversold territory, which gives us perfect fuel for a mean reversion bounce. While the daily trend is obviously bearish, the 4H structure is giving me a really high-conviction long setup.

Volatility is also getting super tight on the 1H (ATR is only at 27.8), which feels like a coiled spring. If we can break and hold above 1745, I think we easily squeeze the late shorts right up to that first target of 1773. The bearish daily narrative is already priced in—this intraday setup is practically begging for a relief rally.

**Curious to hear your thoughts:**
Are you guys buying the dip around 1742, or are you sitting on your hands waiting for a daily close below 1700?

Let me know what you think in the replies, or if you want to take the same trade, you can do it here 👇
$ETH $BTC #ETH #ETHETFsApproved #ETHETFS #ETH🔥🔥🔥🔥🔥🔥 #Ethereum
{spot}(ETHUSDT)