$ETH 📉 Price Structure
ETH has recently pulled back sharply from weekly highs — showing weakness on the shorter timeframes. Recent data shows ETH has been down in the last 24 h and has fallen from higher weekly levels. �
Coinbase
On the 4-hour chart, the price is below the short-term moving averages (like the 20, 50, 100 SMAs/EMAs), which reflects bearish short-term momentum. �
rfxsignals
However, ETH remains above its longer-term SMA-200 on 4H, indicating some structural support and that the deeper trend may not be fully broken yet. �
rfxsignals
🔁 Key Support & Resistance (4H)
Support Zones
$3,087 — immediate support tested frequently. �
rfxsignals
$3,070–$3,050 area — next support cluster; breach could open a deeper retracement. �
rfxsignals
Resistance Zones
$3,120–$3,180 — short-term resistance range on 4H. �
rfxsignals
Psychological ~$3,200 level — a breakout here could shift momentum briefly. Other broader resistance exists higher near ~$3,300–$3,400 from multi-timeframe levels. �
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📊 Indicator Signals
Moving Averages: Price < short SMAs/EMAs → bearish near-term; price above 200 SMA → longer support intact. �
rfxsignals
Volume: Healthy trading activity suggests continuation patterns are meaningful — spikes near support/resistance could confirm breakouts/breakdowns. �
rfxsignals
RSI/MACD (in broader TA): Short-term momentum has been fading with neutral to bearish oscillator readings, pointing to range-bound to bearish behavior until a decisive directional signal emerges. �
CoinMarketCap
Range focus: Unless ETH breaks above $3,120–$3,200 on 4H with volume, expect range-bound to bearish continuation. A drop below $3,050 could accelerate selling toward lower support bands. �
rfxsignals
📍 Key Levels to Watch
Bullish breakout confirmation:
📌 Above $3,120–$3,200 range (4H close + volume)
Bearish continuation trigger:
📌 Breakdown below $3,050 support
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