$ETH Price Prediction Today: 🔴 SHORT Signal & Ethereum Technical Analysis 📉
🔴 SHORT | Entry 2,332 - 2,341 | TP1 2,285 | SL 2,389
Ethereum tested its 4H EMA50 at 2,388 and got rejected again. It is down 7% on the week, and every bounce since Oct 21 has made a lower high.
📌 ETHEREUM TRADING SIGNAL
Direction: 🔴 SHORT (Moderate, 3/5 signals agree)
Entry: 2,332 - 2,341
Take profit 1: 2,285 (-2.2%)
Take profit 2: 2,243 (-4.0%)
Take profit 3: 2,181 (-6.7%)
Stop loss: 2,389 (+2.2%)
📊 ETH TECHNICAL ANALYSIS (4H CHART)
The 4H chart shows a clean downtrend: from 2,580 to 2,282 in 7 days, with the EMA50 (2,370) capping every rally. Price is now back under the EMA20 (2,346), and RSI at 45 is tilting toward sellers. The 2,282 to 2,293 zone is the weekly floor.
🔑 KEY LEVELS
Support: 2,293, then 2,282 (weekly low)
Resistance: 2,370 (EMA50), then 2,388
📈 Bullish scenario: a 4H close above 2,389 breaks the lower-high pattern and cancels the short.
📉 Bearish scenario: a break under 2,282 opens TP2 and TP3 quickly.
💡 Bottom line: Ethereum stays a sell-the-rally market until 2,390 is reclaimed. Bank TP1 near the weekly floor.
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