#Ethereum – Sharp Pullback After Local High

$ETH has faced a steep rejection from $4,788, triggering heavy selling pressure across both 4H and 15m charts.

4Hr Chart Insights

MA7 ($4,703) has been decisively broken, shifting momentum short-term bearish.

Price is now hovering around MA25 ($4,466) – this is the key zone bulls must defend.

Below $4,466, next strong support lies at $4,245, followed by $3,942.

Bearish engulfing candle suggests sellers have taken control after a strong rally.