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$ETH at a Major Crossroads: Is the Bottom Finally In?
Ethereum is showing classic signs of a technical exhaustion bottom. After a heavy flush that saw price action slide below the psychological $2,000 mark,
$ETH is now hovering within a high-interest demand zone.
On the H1 timeframe, we are seeing a deep dive into oversold territory on the RSI. Historically, when
$ETH retests these levels while drifting away from its EMA ribbons, we see a "mean reversion" effect—a technical bounce back to catch up with the moving averages.
🔍 Technical Setup
The current price is grinding against a key support floor. While the broader market remains cautious, the high Taker Sell volume seen recently suggests that a lot of the weak hands have already been shaken out. If the bulls can defend the $1,800–$1,820 region, the path toward a relief rally looks clear.
🚀 Trade Strategy: The Long Recovery
* Entry Zone: $1,820 - $1,870 (DCA within this range)
* Target 1: $1,910 (Initial Resistance)
* Target 2: $1,960 (Gap Fill)
* Target 3: $2,010 (Psychological Breakout)
* Stop Loss: $1,780 (Below the local swing low)
> Pro Tip: Keep an eye on the Taker Buy/Sell ratio on Binance. A flip back above 1.00 would confirm that buyers are stepping back into the driver's seat.
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Will reclaim $2,000 this week? Let me know your thoughts in the comments! 👇
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