#MarketPullback $ETH
ETH/USDT price chart from Binance to identify potential profit opportunities. Here's a breakdown based on the 4-hour timeframe visib
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📊 Current Market Snapshot
Current Price: $2,524.11
24h High: $2,773.21
24h Low: $2,436.98
Change: -7.74% (significant drop)
Volume Spike: Noticeable surge, indicating heavy sell-off
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🔍 Technical Analysis
1. Trend & Candlestick Patterns
A sharp downward move recently occurred, with a long red candle breaking support around $2,598.
The price bounced near the 24h low ($2,436.98) and is attempting to recover.
The latest candle is a small-bodied green one — possible consolidation or dead cat bounce.
2. Moving Averages (MAs)
EMA(21): ~2,661
EMA(50): ~2,635
Price is below all major EMAs → Bearish sentiment.
3. MACD Indicator
MACD: -37.96
DIF: -14.34, DEA: 23.62 → MACD is far below the signal line, confirming strong bearish momentum.
4. Volume Analysis
Very high selling volume on the last red candle suggests capitulation or panic selling.
Current volume is lower, indicating cooling off.
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✅ Opportunities & Strategy
🟢 If You’re a Short-Term Trader (4h to 1D):
Wait for confirmation of a support level at $2,500–$2,520.
Possible scalp trade: Buy around $2,500 → Target: $2,580–$2,600 (resistance).
Stop loss: ~$2,450
Risk/reward: Manage carefully due to volatility
🔴 If Price Breaks Below $2,436:
Next major support zone: ~$2,400 or even $2,300.
Consider short position if $2,436 breaks with volume.
🔄 If Rebound Continues:
Watch for rejection at:
$2,598 (old support → new resistance)
EMA(21) at ~$2,661
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⚠️ Risk Management Tips
Use a tight stop loss in this volatile setup.
Don't over-leverage; this is a high-risk setup after a dump.
Check BTC price trend — ETH often follows BTC.
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