🚨 ETH: Support Bounce or Further Downside?
The shared 4H chart shows ETH near $2,352. Price remains below MA7, MA25, and MA99, suggesting sellers still have the upper hand.
🟢 Bullish scenario: If $2,329–2,330 holds and ETH closes a 4H candle above $2,381, a bounce toward $2,400–2,420 could follow.
🔴 Bearish scenario: A 4H close below $2,329, followed by a failed reclaim, would increase the risk of further downside.
📌 My outlook: Cautious until ETH reclaims $2,381. The lower wick suggests buying interest, but a bullish reversal is not confirmed.
Screenshot-based analysis, not a live signal or guaranteed prediction. Manage your risk.
#ETH #Ethereum #CryptoAnalysis #BinanceSquare
The shared 4H chart shows ETH near $2,352. Price remains below MA7, MA25, and MA99, suggesting sellers still have the upper hand.
🟢 Bullish scenario: If $2,329–2,330 holds and ETH closes a 4H candle above $2,381, a bounce toward $2,400–2,420 could follow.
🔴 Bearish scenario: A 4H close below $2,329, followed by a failed reclaim, would increase the risk of further downside.
📌 My outlook: Cautious until ETH reclaims $2,381. The lower wick suggests buying interest, but a bullish reversal is not confirmed.
Screenshot-based analysis, not a live signal or guaranteed prediction. Manage your risk.
#ETH #Ethereum #CryptoAnalysis #BinanceSquare