đ $ETH TECHNICAL ANALYSIS â ETHEREUM RECOVERS FROM $2,293, BUT SELLERS RETAIN CONTROL
BINANCE SPOT MARKET DATA
Price: $2,325.61
24H Change: â1.19% đŽ
24H High: $2,391.55
24H Low: $2,293.44
đ MARKET STRUCTURE
Ethereum has retreated sharply after encountering resistance near $2,390.
The latest completed 4-hour candle closed near $2,309, confirming renewed selling pressure.
ETH remains below its 4-hour 20-period EMA near $2,345.
Although buyers have initiated a recovery from $2,293, momentum remains insufficient to confirm a sustained bullish reversal.
đč KEY SUPPORT
âą $2,305â$2,300 â Immediate support
âą $2,293 â Critical intraday support
âą $2,282 â Major structural support
đč KEY RESISTANCE
âą $2,335â$2,345 â Immediate resistance
âą $2,360â$2,370 â Recovery resistance
âą $2,391 â Major resistance
đ BULLISH SCENARIO
A sustained 4-hour close above $2,345 could support recovery toward $2,370.
Breaking $2,391 would strengthen the possibility of further upside.
đ BEARISH SCENARIO
Failure to defend $2,300 could trigger another test of $2,293.
A confirmed breakdown below $2,282 would reinforce the bearish trend.
đ TECHNICAL CONCLUSION
OUTLOOK: BEARISH â RECOVERY UNCONFIRMED
ETH remains technically vulnerable while trading below its short-term moving average.
Decisive range: $2,293â$2,345.
A sustained recovery above $2,370 would improve the short-term outlook, while losing $2,293 would increase downside risk.
#SaberTechnicalAnalysis #ETH #Ethereum #TechnicalAnalysis #BinanceSquare
BINANCE SPOT MARKET DATA
Price: $2,325.61
24H Change: â1.19% đŽ
24H High: $2,391.55
24H Low: $2,293.44
đ MARKET STRUCTURE
Ethereum has retreated sharply after encountering resistance near $2,390.
The latest completed 4-hour candle closed near $2,309, confirming renewed selling pressure.
ETH remains below its 4-hour 20-period EMA near $2,345.
Although buyers have initiated a recovery from $2,293, momentum remains insufficient to confirm a sustained bullish reversal.
đč KEY SUPPORT
âą $2,305â$2,300 â Immediate support
âą $2,293 â Critical intraday support
âą $2,282 â Major structural support
đč KEY RESISTANCE
âą $2,335â$2,345 â Immediate resistance
âą $2,360â$2,370 â Recovery resistance
âą $2,391 â Major resistance
đ BULLISH SCENARIO
A sustained 4-hour close above $2,345 could support recovery toward $2,370.
Breaking $2,391 would strengthen the possibility of further upside.
đ BEARISH SCENARIO
Failure to defend $2,300 could trigger another test of $2,293.
A confirmed breakdown below $2,282 would reinforce the bearish trend.
đ TECHNICAL CONCLUSION
OUTLOOK: BEARISH â RECOVERY UNCONFIRMED
ETH remains technically vulnerable while trading below its short-term moving average.
Decisive range: $2,293â$2,345.
A sustained recovery above $2,370 would improve the short-term outlook, while losing $2,293 would increase downside risk.
#SaberTechnicalAnalysis #ETH #Ethereum #TechnicalAnalysis #BinanceSquare