Break or Bust — ETH betwen Support vs. Overbought 4‑Week

Sep 1

ETH sitting at the 20‑day Leavitt MA while hitting strong resistance — overbought of 4‑week RSI.

• If price breaks and closes above $4,630, trend continuation is likely.
  
• If price breaks below $4,000, expect a drop toward $3,800 and possibly $3,360.
  

Technical notes:

• Use the 20‑day Leavitt MA as your short‑term trend anchor.
  
• Watch for a confirmed daily close above $4,630 to signal continuation (entry on retest or momentum breakout).
  
• A daily close below $4,000 invalidates the bullish case; targets: $3,800 then $3,360 (scale stops and size accordingly).
  
• Manage risk with stops outside breakout levels and position sizing for potential volatility.
  

2 days ago

Trade closed: target reached