📉
$ETH URGENT: $1,800 Support Holding or Final Flush? 🏛️🚨
Ethereum (
$ETH ) is currently trading at $1,848.01, down -1.02% for the day. After a sharp drop to $1,811, the bulls are trying to defend the $1,800 psychological level.
🔍 Technical Insights:
• Current Status: The price is trading well below the Supertrend resistance which is sitting at $1,906.05.
• Support Zone: Immediate support is at $1,811.81. If this breaks, we could see a quick slide to $1,750.
• Order Book: Interestingly, the order book shows massive buying interest with 83.37% Longs vs only 16.63% Shorts. This indicates a potential "Short Squeeze" if the price starts moving up.
• Volume: 24h trading volume is healthy at $868.40M, showing high liquidity.
🎯 Strategic Trade Plan:
📈 Bullish Scenario (Short Squeeze Play):
• Confirmation: Entry if 1H candle closes above $1,865.
• Targets: $1,906 | $1,935 🚀
• Stop Loss: $1,810
📉 Bearish Scenario (Support Breakdown):
• Confirmation: Short entry if price breaks and stays below $1,800.
• Targets: $1,760 | $1,720 🩸
• Stop Loss: $1,845
ETH is at a crossroads! 🛡️ What’s your next move? Share Your Thoughts in COMMENT BOX👇
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