$ETH rebound: two 4H candles still fail to reach 2483, as the dip-buying bids are trapped by weak volume.
The 4H candle just closed at 16:00 opened at 2465.56, peaked at 2472.86, bottomed at 2451.49, and ultimately closed at 2461.78. The prior candle rebounded from 2442.65 to 2465.57, but two consecutive candles still couldn’t reclaim yesterday’s opening level at 2482.31. Yesterday, after a push up from 2532.50, it closed at 2442.64—so the selling pressure left on the daily chart has not been repaired. Any new K-line that hasn’t closed yet does not count toward directional judgment.
Capital flows are clearer: the latest 4H spot trading volume is only 28,799 ETH, 39.5% lower than the average volume of the previous five candles, and 54.2% lower than the average of the previous twenty. The share of active buy volume is just 44.0%. In the same period, ETH/BTC moved from 0.03117 to 0.03118—almost flat. When $BTC returned to around $78,895.05, ETH still didn’t show relative strength. The rebound bids chased into the 2470 area after 08:00 were again pushed back below 2462 by the close.
Within the monitoring window, there were no new macro, regulatory, ETF, or exchange-origin events that could rewrite the structure. The only relevant catalyst is the 16:00 close confirming the rebound on shrinking volume. Before 16:07 at the time of publication, spot was at $2462.24. I’m explicitly bearish on $ETH : first target 2440, second target 2415. The pullback attempt below 2483 is a pressure test. In the comments, just answer one question: between 2440 and 2415, which level is more likely to see a volume-backed acceptance first?
My view has only one objective invalidation condition: $ETH closes a 4H body and reclaims 2483.
#ETH #Market Watch
The 4H candle just closed at 16:00 opened at 2465.56, peaked at 2472.86, bottomed at 2451.49, and ultimately closed at 2461.78. The prior candle rebounded from 2442.65 to 2465.57, but two consecutive candles still couldn’t reclaim yesterday’s opening level at 2482.31. Yesterday, after a push up from 2532.50, it closed at 2442.64—so the selling pressure left on the daily chart has not been repaired. Any new K-line that hasn’t closed yet does not count toward directional judgment.
Capital flows are clearer: the latest 4H spot trading volume is only 28,799 ETH, 39.5% lower than the average volume of the previous five candles, and 54.2% lower than the average of the previous twenty. The share of active buy volume is just 44.0%. In the same period, ETH/BTC moved from 0.03117 to 0.03118—almost flat. When $BTC returned to around $78,895.05, ETH still didn’t show relative strength. The rebound bids chased into the 2470 area after 08:00 were again pushed back below 2462 by the close.
Within the monitoring window, there were no new macro, regulatory, ETF, or exchange-origin events that could rewrite the structure. The only relevant catalyst is the 16:00 close confirming the rebound on shrinking volume. Before 16:07 at the time of publication, spot was at $2462.24. I’m explicitly bearish on $ETH : first target 2440, second target 2415. The pullback attempt below 2483 is a pressure test. In the comments, just answer one question: between 2440 and 2415, which level is more likely to see a volume-backed acceptance first?
My view has only one objective invalidation condition: $ETH closes a 4H body and reclaims 2483.
#ETH #Market Watch