ETH/USDT – Advanced Technical Analysis (4H)
ETH is currently trading near 2970, maintaining a bearish continuation structure on the 4H timeframe.
🔹 Market Structure:
• Clear Lower High – Lower Low sequence
• Price trading below key EMA zone, indicating bearish control
🔹 Key Levels:
• Major Resistance: 3050 – 3120 (previous breakdown + EMA confluence)
• Immediate Support: 2850
• Critical Demand Zone: 2780 – 2720
🔹 Indicators:
• RSI (14): ~50 → No bullish momentum, room for volatility
• MACD: Flat histogram → Trend indecision, momentum exhausted
• Volume: Declining → Breakout without volume likely to fail
🔹 Scenario Outlook:
• Below 3050: Bias remains bearish / range-bound
• Break & Hold above 3120: Possible trend reversal toward 3300+
• Break below 2850: High probability move toward demand zone
📌 Trading Insight:
Market is in compression phase.
Wait for HTF confirmation + volume expansion before initiating new positions.
Capital preservation > aggressive entries.
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