đš $ETH is losing steam on the 4H chart. Here's why I'm leaning bearish.
đ Price sits below both EMA20 (2406.88) and EMA50 (2442.38), a clear downtrend structure.
đ RSI at 45.6 is weak but not oversold, leaving room to fall.
đ Volume is only about 46% of average, so bounces lack conviction.
đŻ Target: 2329 (support)
đ Invalidation: 4H close above 2407 (EMA20)
Do you agree, or are you bullish on here? Tell me below đ
Follow me for the next forecast, I post two a week đ
đ How did my last forecast do?
I said $BTC would drop from 82,641 to 80,700 in 48h.
â It moved the right way (-0.80%), but stopped short of the target.
đ The original forecast: https://app.binance.com/uni-qr/cpos/377900453942490?r=HVTQDXNE&l=en
đ The result chart is in the 2nd picture
Not financial advice. DYOR.
#CryptoForecast #TechnicalAnalysis #Ethereum
đ Price sits below both EMA20 (2406.88) and EMA50 (2442.38), a clear downtrend structure.
đ RSI at 45.6 is weak but not oversold, leaving room to fall.
đ Volume is only about 46% of average, so bounces lack conviction.
đŻ Target: 2329 (support)
đ Invalidation: 4H close above 2407 (EMA20)
Do you agree, or are you bullish on here? Tell me below đ
Follow me for the next forecast, I post two a week đ
đ How did my last forecast do?
I said $BTC would drop from 82,641 to 80,700 in 48h.
â It moved the right way (-0.80%), but stopped short of the target.
đ The original forecast: https://app.binance.com/uni-qr/cpos/377900453942490?r=HVTQDXNE&l=en
đ The result chart is in the 2nd picture
Not financial advice. DYOR.
#CryptoForecast #TechnicalAnalysis #Ethereum