Let’s take a closer look at the $ETH /USDT chart and see what’s unfolding.
Ethereum’s recent surge has hit a hard resistance. After reaching a high of $4,535 momentum has sharply reversed. That large red candle is a clear warning sign. Price has dropped below the fast-moving yellow EMA (7) and is now testing the pink EMA (25).
What looked like a strong uptrend is now fragile. Bulls have lost control, and bears are stepping in aggressively.
Trade insight: The bullish run seems to be pausing. A sell signal is flashing as the short-term trend turns bearish. The next potential target is the purple EMA (99) near $4,051, where buyers may re-enter to stabilize the price.
