🕯️ 4H Candle
• Open: $3,672.58
• Close: $3,568.46
• High: $3,678.89
• Low: $3,555.00
• Change: –2.84%
• Volume: 2.02M ETH (very high)
• Body/Wick Range: 3.37% (decisive amplitude)
✅ Overall Reading:
This is a strong bearish confirmation candle, characterized by:
• A large red body
• Close below the previous open
• Very high volume — the highest in recent days
• Clear rejection at the key zone $3,680–$3,700, and breakdown of mid-level support at $3,594
📊 Technical Indicators (4H)
📉 RSI
• RSI(24): 47.09
• Clearly downward slope, no bullish divergence signals yet
• Confirms ongoing bearish momentum
📉 MACD
• Still positive (MACD: +18.79), but showing signs of deceleration
• DIF and DEA are starting to converge → potential bearish crossover if pressure continues
📊 Volume
• Volume exceeds MA(10) average and is expanding
• Strong signal of institutional participation pushing price lower
🔍 Session-Based Context Reading
🕕 Asia
• Did not defend the previous upward momentum
• Passive movements, no strong buying pressure → left structural weakness
🌍 Europe
• Confirmed as the trigger for the breakdown
• Strong capital outflow → synchronized institutional selling
🇺🇸 U.S.
• Inherits the bearish momentum and confirms direction — unless a surprise absorption happens near $3,545
🧠 Intuitive & Macro Structure Analysis
📌 Technical Structure (1D & 4H)
• This move perfectly respects the macro bearish structure (1D)
• The recent rally was a technical pullback to the 0.5–0.618 Fibonacci zone
• Rejection at $3,715 confirms the bounce was a distribution phase
📉 Trend
• The primary trend remains bearish
• Current retracement is gaining strength
• Nearest support: $3,528 → $3,510
• Key structural support: $3,445
🧭 Interpretation Summary
Variable Reading
Trend Structural Bearish (1D & 4H)
Momentum Strongly Bearish, backed by volume
RSI Falling, still far from oversold
MACD Positive but decelerating
Session Context Europe leads the drop, Asia passive, U.S. to confirm
