$ETH 🚨 *ETH Daily Analysis – Consolidation Amid BTC Pressure* 🚨
*Current Price:* *4,437 USDT*
*24h Low:* *4,311*
*Volume:* *4.31B USDT*
*BTC Status:* *Bearish near 110.4k – directly impacting ETH price movement.*
—
🔍 *Technical Insights:*
- ETH dropped from *4,690* and is consolidating around *4,430*.
- Trading just *below the 99-day MA (4,479)* — key resistance.
- Short-term MAs (7 25) are converging, indicating sideways momentum.
- Volume is moderate, with weak buying pressure.
- Daily candles show indecision — market awaiting direction.
—
🔗 *BTC-ETH Correlation:*
- ETH price movement is *strongly correlated* with BTC.
- BTC’s current bearish trend near110.4k is *weighing down ETH*, limiting upside potential.
- If BTC stabilizes or rallies above 110k, ETH likely to follow with upward momentum.
- Conversely, a BTC decline will likely drag ETH below key supports (around 4,311).
---
📊 *Support & Resistance:*
- *Support:* 4,311 (recent low), then 4,200 zone.
- *Resistance:* 4,426 (MA25), then 4,479 (MA99).
---
💡 *Strategy Suggestion:*
- Avoid long positions until ETH breaks *above MA25 (4,426)* with strong volume.)- Best entry near support zone *4,311–4,350* with a stop loss at 4,200.
- Target 1: 4,479 (MA99)
- Target 2: 4,600+ on BTC recovery.
---
✅ *Watch BTC closely — ETH will likely mirror BTC’s next move.*
#ETH #BTC #CryptoTrading #Binance #MarketAnalysis
#SmartEntry #MarketPullback #HEMIBinanceTGE #CryptoRally #FOMCMinutes