$ETH /USDT PERP – Oversold Dip, Bounce Incoming (July 08, 2026)

Price: $1,753.05 (-2.43%)
**Range:** $1,741 – $1,812

EMAs:
Price below EMA5 (1,758.20), EMA10 (1,765.75), and EMA30 (1,774.90) – bearish structure, all EMAs overhead.

RSI:
6 at 31.4 (approaching oversold), 12 at 38.1, 24 at 43.6 – short-term weak, bounce likely soon.

Key Levels:

· Resistance: $1,758 (EMA5) → $1,780 → $1,812
· Support: $1,741 → $1,728

Game Plan:

· Hold above $1,741 → bounce to $1,758–$1,780.
· Lose $1,741 → drop to $1,728 or lower.

Verdict:
Oversold conditions building. Expect relief bounce or consolidation. Wait for confirmation before longs.
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