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