ETH: Sub-$1800 Levels Signal Buy Opportunity
ETH at $1592.57 shows bearish trend yet bullish divergence on 4h chart ahead of Clarity Act, with BTC correlation and accumulation zones below $1505.
SourceAnalysis
ETH at $1592.57 trades beneath the $1800 threshold that @CryptoMichNL flags as a massive accumulation zone rather than a day-trade setup.
The 4h chart reveals a bearish structure with price below both EMA50 at $1645.69 and EMA200 at $1809.89, yet MACD has printed a bullish golden cross at -25.15 while RSI sits neutral at 44.65 inside the Bollinger Bands. This confluence points to short-term volatility exhaustion near the upper band resistance of $1661.87, with any rejection likely to target the lower band support at $1525.64 before a potential reversal aligns with broader BTC moves.
Traders eye the Clarity Act approval as the classic sell-the-rumor catalyst, setting up ETH price prediction scenarios where sweeps below $1505 or $1385 become high-conviction entries rather than signs of crypto market crash continuation.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast