📉SHORT: $ETH (4H)
Current Price $2630.33
Market Cap $317.50B
Change 1h -0.69% | 24h -1.20%
4-Hourly Indicators:
• RSI: 55 - Neutral 🟠
• MACD: 25 - Bullish 🟢
• EMA: 2596 - Trading Above 🟢
Analysis: Looks like ETH is facing resistance near the $2737 mark, indicating a potential reversal. As it bounces off this level, a bearish pattern emerges, pointing towards a downward movement. The current trend suggests that ETH is ready to test lower levels as sellers gain control.
Price Targets: Watch for ETH to move towards the support level at $2356. This level could serve as a key target for those considering entering a short position. Keep an eye on market conditions to see if the support holds or if further declines are possible.
