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$ETH UPDATE: Testing the Floor – Bounce or Breakdown? 📊📉
Ethereum is at a critical "Make or Break" level! After a sharp correction, ETH is currently trading at $1,929.37, down -4.60% today. After hitting a local bottom at $1,887.00, the price is now fighting to stay above the psychological $1,900 support.
🔍 Professional Analysis:
• Trend Barrier: The 1H Supertrend is RED, with a major resistance ceiling now sitting at $1,974.17. Bulls need to reclaim this level to flip the sentiment.
• Volume & Liquidity: With $786.01M USDT in 24h volume, Ethereum is highly liquid, but sellers have been in control for most of the session.
• Order Book Alpha: Here is the interesting part—the Order Book shows a massive 71.91% Longs vs 28.09% Shorts. While the price is dropping, big players are aggressively "Buying the Dip," setting the stage for a potential Short Squeeze.
🎯 The Perfect Trade Plan:
🟢 Bullish Recovery (The Reversal Play):
• Entry Zone: $1,910 – $1,935 (Accumulation near current support).
• Target 1: $1,974 (Supertrend Resistance).
• Target 2: $2,010 (Psychological Barrier).
• Target 3: $2,063 (24h High).
• Stop Loss: $1,875 (Below the daily low of $1,887 for safety).
🔴 Bearish Risk (The Breakdown):
• Confirmation: A 1H candle close below $1,887.
• Next Supports: $1,850 | $1,820.
• Stop Loss: $1,955.
🔥 Expert Tip: Ethereum is currently oversold on shorter timeframes. With 71% Longs in the book, the market is heavily weighted toward a bounce. If $1,887 holds, we could see a rapid move back toward $2,000!
#ETH #Ethereum #CryptoAnalysis #BinanceSquare #TradingSignals 📈✨