🚀 ETH: Bounce or Break?
$ETH is testing the critical $1,990 support. With the order book showing 77% buy pressure, are we looking at a reversal or a deeper dive?
📍 Trade Plan:
Entry: $1,985 – $1,995
SL: $1,960
TPs: $2,040 | $2,130 | $2,200
🔍 Why this setup?
ETH is currently oversold on the 4H chart and trading far below its MAs. Declining sell volume near the $1,970 demand zone suggests sellers are exhausted, favoring a mean reversion play.
⚔️ The Debate:
Is the heavy buy-side order book a sign of a bottom, or is a “Death Cross” on higher timeframes about to invalidate this support? Trade $ETH Here #fraxshare #bondingcurves #unboundfinance
