$ETH
Technical Analysis for ETH/USDT Pair — 4-Hour Time Frame
🔹 Current Price: 2437.50
🔹 Overall Trend: Sideways with a Downward Tilt
🔹 Moving Averages:
The price is fluctuating around EMA 25 and MA 25, indicating a lack of clear momentum.
The price is below MA99 (2469) and EMA99 (2458), reflecting selling pressure in the medium term.
🔹 Technical Indicators:
RSI (14) at 53.16: Neutral, does not indicate overbought or oversold conditions.
MACD shows a faint negative crossover (DIF below DEA) but with weak momentum, indicating hesitation in the trend.
🔹 Trading Volumes: Relatively weak in recent sessions, reinforcing the idea of anticipation.
🔹 Technical Outlook:
The price range confined between 2400 and 2458 forms a pressure zone.
A strong close above 2458 may open the way towards 2485 - 2500.
Breaking 2400 will push the price to test 2350 and then 2280.
🎯 Conclusion: The trend is currently unclear, and the market is in a wait-and-see state. Day traders are watching for a breakout outside this range to react to the upcoming trend.
