📢 Technical Analysis – $ETH on the 4H Chart
📊 The 50 EMA is acting as a clear resistance, with price trading below it
📉 The RSI is attempting to exit the oversold zone around 41, showing a slight positive curve
🟩 Strong support area around $2400–$2440, which has previously caused multiple price rebounds
🔍 Possible Scenarios:
🔼 A breakout above $2580 = possible start of a corrective upward move
– First target: $2650
– Second target: $2720
🔽 A break below the $2400 support zone = confirmation of the downtrend continuation
– First target: $2320
– Second target: $2250$