📊ETHUSDT 4H Market Update
• Trend: Bearish
• SMA (20): 2316.7425
• Support: 2172.85
• Resistance: 2391.49
• Current Price: 2228.01
📈Strategy:
Price is trading below the 20 SMA, confirming bearish momentum. However, the current level sits in the Discount Zone, indicating a potential liquidity grab before a reversal. The 4H swing low at 2172.85 is key support; a breakdown could accelerate selling toward the TP at 2127.75. Institutional traders should watch for a retest of resistance at 2391.49 before considering shorts, with a tight SL at 2294.85.
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⚠️ Not financial advice - always DYOR.
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• Trend: Bearish
• SMA (20): 2316.7425
• Support: 2172.85
• Resistance: 2391.49
• Current Price: 2228.01
📈Strategy:
Price is trading below the 20 SMA, confirming bearish momentum. However, the current level sits in the Discount Zone, indicating a potential liquidity grab before a reversal. The 4H swing low at 2172.85 is key support; a breakdown could accelerate selling toward the TP at 2127.75. Institutional traders should watch for a retest of resistance at 2391.49 before considering shorts, with a tight SL at 2294.85.
🔔 Don't forget to follow for more updates! & Your Future Eye
⚠️ Not financial advice - always DYOR.
Click Here To Trade 👇