$ETH
ETH 4H Analysis Critical Moment
ETH just got a strong rejection from 24h High $2,668.00 and now trading at $2,572.52 (-2.76%)
What I'm seeing on 4H chart:
1 Fake breakout above $2,660 with long wick - clear bearish signal
2 Volume is dropping after the pump (MA5 30.1K vs Vol 14.7K) buyers are weak
3 Immediate support at $2,564 (24h Low). If this breaks, next target $2,477 and then $2,409
My Plan:
I am NOT buying here. I will wait for 4H close below $2,564 for short towards $2,477.
Invalidation: 4H close above $2,668 will cancel bearish idea.
What do you think? Will $2,564 hold or we go to $2,400?
$ETH $BTC $BNB
ETH 4H Analysis Critical Moment
ETH just got a strong rejection from 24h High $2,668.00 and now trading at $2,572.52 (-2.76%)
What I'm seeing on 4H chart:
1 Fake breakout above $2,660 with long wick - clear bearish signal
2 Volume is dropping after the pump (MA5 30.1K vs Vol 14.7K) buyers are weak
3 Immediate support at $2,564 (24h Low). If this breaks, next target $2,477 and then $2,409
My Plan:
I am NOT buying here. I will wait for 4H close below $2,564 for short towards $2,477.
Invalidation: 4H close above $2,668 will cancel bearish idea.
What do you think? Will $2,564 hold or we go to $2,400?
$ETH $BTC $BNB
