4 hours time frame
*1. Price Overview**
- **Current Price**: **$2,454.69** (**-5.83%** decline)
- **24h Range**: **$2,452.60 (Low)** to **$2,610.00 (High)**
- **Volume**:
- **24h ETH Vol**: 562,731.55 ETH
- **24h USDT Vol**: $1.42B (high liquidity)
*2. Key Indicators**
- **Moving Averages (EMA)**:
- **EMA(9)**: 2,518.22 (above EMA 50/100/200 → short-term bullish but lagging)
- **EMA(50)**: 2,451.04 (critical support)
- **EMA(200)**: 2,091.64 (long-term bullish base)
→ **Price below EMA(9/21)**, suggesting near-term bearish pressure.
- **RSI (Oversold Short-Term)**:
- **RSI(6)**: 19.46 (extremely oversold, potential bounce)
- **RSI(12)**: 36.08 (approaching oversold)
- **RSI(24)**: 49.40 (neutral)
- **MACD (Bearish Momentum)**:
- **DIF (-1.95) < DEA (20.34)**
- **MACD Histogram (-22.29)**: Strong bearish divergence.
- **Volume**:
- **Current Vol (28,967 ETH)** < **MA(5) (80,836 ETH)** → Weak selling pressure.
*3. Support & Resistance**
- **Immediate Support**: **$2,452.60** (24h Low)
- **Key Levels**:
- **2,451.04 (EMA 50)** – Break below could trigger deeper drop.
- **2,518.22 (EMA 9)** – First resistance for recovery.
- **2,610.00 (24h High)** – Major short-term target.
*4. Market Sentiment**
- **Short-Term**: Bearish (price below EMAs, MACD negative).
- **Mid-Term**: Mixed (**+56.05% in 30D**, but **-8.60% in 90D**).
- **Long-Term**: Cautiously bullish (EMA 200 rising at **2,091.64**).
*5. Trading Strategy**
- **Rebound Play**: If RSI(6) oversold bounce holds **$2,452**, scalp toward **EMA(9) ~2,518**.
- **Breakdown Risk**: Close below **EMA(50) ~2,451** targets **$2,272 (EMA 100)**.
- **Order Book Insight**: High liquidity ($1.42B 24h vol) reduces slippage risk.
**6. Critical Watch**
- **MACD Crossover**: A bullish reversal requires DIF > DEA.
- **Volume Spike**: Confirm trend reversal with volume > MA(5) **80,836 ETH**.
**Conclusion**: ETH is testing key support at **$2,452**. Oversold RSI hints at a bounce, but MACD warns of further downside. Trade with tight stops.