$ETH BEARISH ALERT 🔴📉✨✨✨✨

$ETH just broke down sharply from its rounded top formation on the 1H chart, signaling a potential shift from bullish momentum to bearish pressure. The neckline at the ascending trendline has been pierced with a strong red candle backed by a notable volume spike — a classic sign of sellers taking control.

RSI has dropped to 35.65, moving deeper toward oversold territory, while MACD has flipped decisively bearish, confirming downside momentum. Price has also slipped below short-term moving averages, suggesting that upward recoveries could face resistance around $4721–$4727.

If bearish momentum continues, watch for a possible retest of the broken trendline as resistance before further decline. Immediate support sits near $4448, with stronger demand expected closer to the 200 EMA at $4191.

This is a time for caution — avoid FOMO longs and wait for a clear reclaim of the trendline before considering bullish positions. Sellers currently hold the upper hand.

DYOR

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