$ETH

Let first settle the dust now sometimes not trading is also trading.Let the market clear it's direction..

🧠 Ethereum (ETH/USDT) Analysis (4H Chart):

ETH is currently around $2,425

You may close and Wait for Market Direction.

It has closed below $2,460, which was acting as a short-term horizontal support It needs to hold above 2460 for bullish momentum to sustain..

🔻 What This Means:

If the 4H candle closes below $2,460 and the daily candle confirms that breakdown, it suggests:

Breakdown of the local consolidation range

Loss of short-term bullish momentum

Potential shift to bearish pressure

⚠️ Critical Daily Support to Hold:

2320 Support might Give scalp but keeptight stop loss around 2280

$1,947 → First strong horizontal support from previous consolidation and breakout zone

$1,861 → A deeper support level if $1,947 fails

These areas will likely attract buyers if the price continues to drop.

📉 Indicators:

RSI (14): Dropping toward oversold (30.12), showing weakening momentum

Stochastic RSI: Near 0 (fully oversold), indicating a possible bounce or at least a pause in the downtrend soon

✅ Summary:

$2,460 was a key short-term support — now broken

Daily close below $2,460 confirms weakness

Watch $1,947 as the next major support zone

RSI & Stoch RSI are hinting a potential short-term bounce, but trend pressure is bearish unless reclaimed