Based on the 4-hour $ETH /USDT chart

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📊 Technical Analysis (4H Chart)

1. Trend:

ETH experienced a sharp drop after reaching a recent high of $2,879.22.

Currently trading at $2,513.76, below the EMA(7) and EMA(25), showing bearish short-term momentum.

2. Indicators:

MACD: Bearish crossover confirmed with MACD at -38.62 and DIF line at -15.16, indicating downward momentum.

RSI(6): At 16.16 — this is in oversold territory, suggesting a potential short-term rebound or consolidation.

Volume: Spike in volume during the drop signals strong selling pressure.

3. Support & Resistance:

Immediate Support: $2,436 (24h low).

Key Resistance: $2,684 (near EMA(25) and recent breakdown level).

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📌 Intraday Trading Signal (Short-Term Rebound Play)

🔹 Entry Point:

Buy near $2,480 – $2,500 (oversold bounce zone)

🔹 Stop-Loss:

Place SL at $2,435 (below support/24h low)

🔹 Take-Profit Targets:

1. TP1: $2,580 (near EMA(7))

2. TP2: $2,640 – $2,680 (EMA(25) resistance zone)

3. TP3 (Aggressive): $2,750 (previous consolidation zone)

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🧠 Risk Management & Notes:

If ETH fails to hold above $2,480, bearish continuation toward $2,400–2,350 is likely.

High volatility expected; monitor closely for volume changes and EMA crossover.