$ETH EMA Twenty Sits Below EMA Fifty on Four-Hour Chart
$ETH trades at 2,092.32 USD, up 3.8% over the past 24 hours, with 4H RSI at 41.9 (neutral).
The price remains under the short-term EMA, while the shorter EMA stays beneath the longer EMA, suggesting bearish momentum on the four-hour timeframe. However, the past day has shown upward movement, adding a slight counterbalance.
TECHNICAL READ
▪️ Momentum: 4H RSI 41.9 sits in the neutral zone
▪️ Trend filter: EMA 20 is below EMA 50, and price is below EMA 20
▪️ Range: price is 7.3% below the range high and 4.3% above the range low
WHAT WOULD CONFIRM WEAKNESS
▪️ Rallies rejected near EMA 20 (2,110.97 USD)
▪️ A 4H close below 2,006.00 USD
WHAT WOULD INVALIDATE IT
▪️ A 4H close above EMA 50 (2,180.12 USD)
▪️ A move through 2,246.00 USD would break the lower-high structure
Do you see the upward bias overcoming the bearish EMA alignment?
Not financial advice. Always DYOR.
Like & Follow for Daily Trade Analytics & Insider News. @MistralAK
#Ethereum #TrendingTopic #HotTrends
$ETH trades at 2,092.32 USD, up 3.8% over the past 24 hours, with 4H RSI at 41.9 (neutral).
The price remains under the short-term EMA, while the shorter EMA stays beneath the longer EMA, suggesting bearish momentum on the four-hour timeframe. However, the past day has shown upward movement, adding a slight counterbalance.
TECHNICAL READ
▪️ Momentum: 4H RSI 41.9 sits in the neutral zone
▪️ Trend filter: EMA 20 is below EMA 50, and price is below EMA 20
▪️ Range: price is 7.3% below the range high and 4.3% above the range low
WHAT WOULD CONFIRM WEAKNESS
▪️ Rallies rejected near EMA 20 (2,110.97 USD)
▪️ A 4H close below 2,006.00 USD
WHAT WOULD INVALIDATE IT
▪️ A 4H close above EMA 50 (2,180.12 USD)
▪️ A move through 2,246.00 USD would break the lower-high structure
Do you see the upward bias overcoming the bearish EMA alignment?
Not financial advice. Always DYOR.
Like & Follow for Daily Trade Analytics & Insider News. @MistralAK
#Ethereum #TrendingTopic #HotTrends
