📊 DAILY ANALYSIS · $ETH
$ETH cae -1.95% and is trading at 2,368.88 USDT, near the 48h low. I’m leaning toward further downside: the 4h RSI is at 38 and buying pressure is weak, although volume is -63% versus the 7d average, which reduces conviction.
A 4h close below 2,356.79 would confirm my view; reclaiming 2,441.66 would invalidate it. Without that break, selling the low could be a trap.
The 48h chart is attached. Would you wait for a close below 2,356.79 or a recovery of that level before deciding?
$ETH cae -1.95% and is trading at 2,368.88 USDT, near the 48h low. I’m leaning toward further downside: the 4h RSI is at 38 and buying pressure is weak, although volume is -63% versus the 7d average, which reduces conviction.
A 4h close below 2,356.79 would confirm my view; reclaiming 2,441.66 would invalidate it. Without that break, selling the low could be a trap.
The 48h chart is attached. Would you wait for a close below 2,356.79 or a recovery of that level before deciding?