Ethereum's rebound from oversold areas is a trap and not a trend reversal ⚠️

$ETH /USDT

$ETH — Sell trade (SHORT)

Trading plan:

🔴 Entry area: 1848.779386 – 1877.900613

🛑 Stop Loss (SL): 1950.703681

🎯 Targets:

• TP1: 1775.976319

• TP2: 1746.855092

• TP3: 1688.612638

Why this setup?

• 4-hour frame is ready to sell with a 75% confidence level.

• The general trend on the daily frame (1D) is bearish, giving momentum to the negative movement.

• RSI on the 15-minute is at 27.7 → Any upward pump is likely a false rebound (Dead Cat Bounce) before a new downward wave.

• Pivot levels: Entry area around 1863, and the first target at 1775.

Market discussion:

Is this the last dump before full capitulation?

Or will the bulls surprise the market with a strong rebound from here? 🤔

👇 Click here to trade$ETH

ETHUSDT

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