This bearish signal for ETH this round is quite interesting— the 15-minute RSI has even been driven down to 31, but a reversal? Doesn’t exist. At the 4-hour level, 83% are bearish. The trend is basically ranging with a slight downward bias—don’t get tricked by oversold conditions into catching a flying knife.

Entry: 1836.54–1839.76. TP1 1814.27, TP2 1798.35, TP3 1774.47. Stop-loss 1869.99. Short orders are already placed—entry around 1838. First target 1814, third target 1774.

The question now is: do you short directly to the 1814 zone, or wait for a false breakout, then a rebound, before getting in? Either way, the direction is clear—don’t go against the smart money.

$ETH