$ETH below 2,303: rebound or breakdown?
$ETH drops 7.31% in 24h and is hovering around US$2,244. With the EMA20 at 2,292 and the EMA50 at 2,300, the 4h candle remains bearish, while an RSI of 41 indicates downward pressure.
On the radar, $SOXLB lost 20.6% and $SNDKB fell 9.9% today, both with volumes above US$100 M—a sign of a strong outflow of liquidity.
For ETH, key support is at 2,174 and the first resistance is at 2,303, followed by 2,450. If the price breaks below 2,174, the bullish scenario is invalidated; if it moves above 2,303, the bearish trend is ruled out.
I see two paths: a rebound that targets 2,303 and then 2,450, or a drop that tests 2,174 and continues toward the 2,100 zone. Each level determines which scenario plays out.
Will it break 2,303 or return to 2,174? 🟢/🔴
#ethereum #defi
This is not financial advice. Do your own research before investing.
$ETH drops 7.31% in 24h and is hovering around US$2,244. With the EMA20 at 2,292 and the EMA50 at 2,300, the 4h candle remains bearish, while an RSI of 41 indicates downward pressure.
On the radar, $SOXLB lost 20.6% and $SNDKB fell 9.9% today, both with volumes above US$100 M—a sign of a strong outflow of liquidity.
For ETH, key support is at 2,174 and the first resistance is at 2,303, followed by 2,450. If the price breaks below 2,174, the bullish scenario is invalidated; if it moves above 2,303, the bearish trend is ruled out.
I see two paths: a rebound that targets 2,303 and then 2,450, or a drop that tests 2,174 and continues toward the 2,100 zone. Each level determines which scenario plays out.
Will it break 2,303 or return to 2,174? 🟢/🔴
#ethereum #defi
This is not financial advice. Do your own research before investing.
