khizar khan 2

🔎 Rationale
Bearish / Downside Risks
• The recent bounce appears tentative — recovery volume remains weak, suggesting limited conviction among buyers.
• Resistance near $4,200+ (the recent swing highs) remains a major hurdle; failure to clear it decisively could invite renewed selling.
• Sentiment is fragile following the recent drop, and traders may be quick to take profits or fade rallies.
• Any negative macro or regulatory developments could exacerbate downside momentum.
Bullish / Upside Possibilities
• Residual buying interest is evident, with a modest recovery attempt still in play.
• A decisive breakout above $4,200 with strong volume could invalidate short-term bearish bias and open the door to renewed momentum.
• Longer-term fundamentals — including ETF inflows and steady on-chain accumulation — continue to provide a supportive backdrop, even if their effects are not yet reflected in intraday price action.
🎯 Outlook / Trading Bias
• Base case: Expect range-bound or mildly bearish price action through today’s session (next 12–24 hours).
• Key levels:
o Support: $3,900–$4,000 — a sustained break below would confirm downside bias and likely accelerate selling.
o Resistance: $4,200–$4,250 — a convincing breakout with volume could flip momentum bullish.
• Summary: The setup favors caution — ETH’s recovery lacks conviction, and resistance overhead remains significant. Bulls must prove strength with a volume-backed move above $4,200 to shift sentiment meaningfully.$ETH