📝 Current Market Snapshot
Price: $4,553.48
Recent Peak: $4,791.31
EMA Levels:
EMA 9 → $4,488.99 (immediate support)
EMA 21 → $4,231.95
EMA 50 → $3,891.09
MACD: Still bullish (DIF 254.77 above DEA 205.64) but the gap is narrowing — momentum slowing.
Volume: Last red candle came with higher sell volume.
Stochastic RSI: Now at 68.34, down from 87.95 — showing a bearish cross.
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🔍 Key Takeaways
1. Rejection at Resistance:
ETH touched $4,791 and got pushed down hard, confirming strong resistance there.
2. Support Being Challenged:
Price is hovering near EMA 9 ($4,488.99). If this breaks, the next safety net is EMA 21 around $4,232.
3. Momentum Weakening:
Even though price made a new high, both Stochastic RSI and MACD show signs of losing steam — an early hint of a possible dip.
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📊 Short-Term Outlook (Next Few 12h Candles)
Most Likely: Small pullback or sideways movement. ETH might slip under EMA 9 and test $4,450–$4,230 support. If buyers step back in, it could make another run toward $4,790.
Bearish Case: If selling volume spikes and EMAs give way, ETH could slide toward$ EMA 21 ($4,232) or even EMA 50 ($3,891).
Bullish Case: A quick rebound above $4,600 with Stoch RSI turning up could set up a retest of $4,790+ and possibly new highs.
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📌 Levels to Watch
Support: $4,488 • $4,232 • $3,891
Resistance: $4,600 • $4,790 • $4,863
