Did you notice $ETH slipping under its 4‑hour EMA7 at 2,454, a level it’s been defending for days?
Here’s the hidden pattern you might be missing 👇
Price is nudging lower while the short‑term EMA crossover signals bearishness, yet funding is positive—longs are paying to stay in, a sign the market may be over‑leveraged on the long side. The chart looks ready to test the next support.
On the 4‑hour chart the current pivot sits around the $ETH 2,461 zone. If price breaks above the 2,515 ceiling the bearish case collapses, but a move toward the 2,363 area would confirm the downtrend. The volume‑profile point of control near 2,487 acts as a magnet for sellers.
My read is that $ETH is likely to slide toward the mid‑2,300s unless a surprise rally pushes it back above the 2,500 barrier.
Tap ETH to pull up the chart and see these zones yourself. Follow me for the next update when the 2,363 area holds or breaks, so you won’t miss the next shift. What do you think ETH will do around that zone? 👇
⚠️ Not financial advice. DYOR.
#ETH #Ethereum #Crypto #BinanceSquare
Here’s the hidden pattern you might be missing 👇
Price is nudging lower while the short‑term EMA crossover signals bearishness, yet funding is positive—longs are paying to stay in, a sign the market may be over‑leveraged on the long side. The chart looks ready to test the next support.
On the 4‑hour chart the current pivot sits around the $ETH 2,461 zone. If price breaks above the 2,515 ceiling the bearish case collapses, but a move toward the 2,363 area would confirm the downtrend. The volume‑profile point of control near 2,487 acts as a magnet for sellers.
My read is that $ETH is likely to slide toward the mid‑2,300s unless a surprise rally pushes it back above the 2,500 barrier.
Tap ETH to pull up the chart and see these zones yourself. Follow me for the next update when the 2,363 area holds or breaks, so you won’t miss the next shift. What do you think ETH will do around that zone? 👇
⚠️ Not financial advice. DYOR.
#ETH #Ethereum #Crypto #BinanceSquare
