$ETH Candle Analysis: Rejection into Key Demand
Following a sharp rejection at $2,526 forming a daily shooting star wick, Ethereum has broken below the 9 & 21 EMAs on the 4H chart.
$ETH is down -2.55% over the last 24h ($866M volume), currently pressuring the critical $2,385–$2,400 support zone.
Key Levels:
• Resistance: $2,450 / $2,525
• Support: $2,385 / $2,330
A sustained breakdown under $2,385 risks opening a slide toward the $2,330 swing low.
Can buyers hold the $2,385 line, or do bears force a deeper flush?
#Ethereum #TechnicalAnalysis #ETH
Following a sharp rejection at $2,526 forming a daily shooting star wick, Ethereum has broken below the 9 & 21 EMAs on the 4H chart.
$ETH is down -2.55% over the last 24h ($866M volume), currently pressuring the critical $2,385–$2,400 support zone.
Key Levels:
• Resistance: $2,450 / $2,525
• Support: $2,385 / $2,330
A sustained breakdown under $2,385 risks opening a slide toward the $2,330 swing low.
Can buyers hold the $2,385 line, or do bears force a deeper flush?
#Ethereum #TechnicalAnalysis #ETH