Ethereum, ridiculously oversold - $2.5k soon - April 16th, 2025

16 Apr

Currently Without Worries has a higher timeframe “short” opened on Ethereum since $3800. It was not popular. (see idea below - By the way, 32 likes 2.7k views? You want me to keep posting or not?! Like to let me know otherwise off I go!)

Corrections in price action are never in a straight line, just as within a bull market. At this moment in time on the above 8 day chart price action has not been this oversold since the bear market of 2018 with an RSI below 30. The mindset of sellers today is 100% emotional.

What should you expect?

A rally to $2500, which is market structure. This rally will draw in fresh exit liquidity and no doubt invite a number of spiteful public comments “You’re wrong!”.

Regardless, the chart is our News, a rejection from market structure will take price action down to the long anticipated forecast area of circa $700 (see below) and confirm the expected bull trap.

Ww




Ethereum $3800 short idea

Ethereum to $700 idea

16 Apr

Dagangan aktif

22 Apr

Nota

Bull trap in progress!

Get this idea above 250 likes and it will be closed as near as possible to the reversal ;-)

8 Mei

Nota

Only another $500 to go... and then crash, bang, wallop.. straight of oblivion... unless...

9 Mei

Dagangan ditutup: sasaran tercapai

Price action rejected exactly at $2500

Quite possibly the most obvious bull trap in the history of bull traps.

2hour chart.. a high probability sell signal triggered at the same moment.




Is it over for Ethereum?

Ask the other traders on here.. almost all are bullish / long with sky high forecasts.
Remember, 90% of traders fail.


tradingview.com/symbols/ETHUSD/ideas/?exchange=BINANCE&sort=recent