📉 ETH/USDT Post-PPI Analysis — Pullback After Hot Inflation Print
Ethereum is currently trading at 4,496.16 USDT, down -4.12% on the 4H chart. The drop follows the release of U.S. PPI data, which came in hotter than expected, triggering risk-off sentiment across crypto markets.
🔍 Trend Structure:
- EMA(34): 4,402.05
- EMA(89): 4,079.24
- EMA(146): 3,876.33
- EMA(200): 3,720.00
ETH remains above all major EMAs, but the sharp rejection from 4,788 signals short-term weakness. Price is now testing support near EMA(34).
📊 Momentum Indicators:
- MACD: Bearish crossover (DIF 142.54 < DEA 155.60, MACD -13.06)
- RSI(6): 31.21 — approaching oversold territory
MACD has flipped negative, and RSI near 30 suggests ETH may be oversold — a bounce could be near if buyers step in.
🔧 Volume & Participation:
- Volume: 2.34B — elevated, confirming strong selling pressure
- MA(5): 152.85M
- MA(10): 154.95M
Volume spike aligns with the PPI-driven selloff. Watch for signs of stabilization near 4,400–4,300.
📌 Key Levels:
- Resistance: 4,788 → 4,551
- Support: 4,268 → 3,986 → 3,704
If ETH holds above 4,268, the bullish structure remains intact. A break below 3,986 could trigger deeper correction toward 3,700.
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⚖️ Summary:
- ⚠️ PPI shock triggered short-term selloff
- ✅ Long-term trend still bullish above EMA(200)
- 🔍 Watch RSI and volume for reversal signals
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