📉 ETH/USDT Post-PPI Analysis — Pullback in Progress, Bulls Still in Control?
Ethereum is currently trading at 4,428.82 USDT, down -2.77% on the day. The decline follows hotter-than-expected U.S. PPI data, which triggered a wave of selling across crypto markets. Despite the pullback, ETH remains well above all major EMAs — a sign that the broader uptrend is still intact.
🔍 Trend Structure:
- EMA(34): 3,785.09
- EMA(89): 3,200.09
- EMA(146): 2,962.76
- EMA(200): 2,872.46
ETH is stacked above all EMAs, confirming a strong bullish structure. The rejection from 4,788 is a natural reaction to macro pressure, not a trend reversal (yet).
📊 Momentum Indicators:
- MACD: Bullish (DIF 311.83 > DEA 263.05, MACD 48.77)
- RSI(6): 60.72 — cooling off from overbought levels
MACD shows momentum is still positive, and RSI near 60 suggests ETH has room to consolidate or rebound without being oversold.
🔧 Volume & Participation:
- Volume: 862.9K — moderate, not signaling panic
- MA(5): 932.4K
- MA(10): 756.9K
Volume is steady, supporting the current price level. Watch for spikes or divergence to signal a reversal.
📌 Key Levels:
- Resistance: 4,788 → 4,600
- Support: 4,300 → 4,000 → 3,785 (EMA34)
If ETH holds above 4,300, the bullish structure remains intact. A break below EMA(34) could trigger deeper correction toward 3,785–3,600.
---
⚖️ Summary:
- ⚠️ PPI shock triggered short-term volatility
- ✅ Long-term trend still bullish above EMA(200)
- 🔍 Watch RSI and MACD for signs of reversal or continuation
---
📣 Want more insights like this?
Tap the “Follow” button on my Binance Square profile to get real-time updates, trade ideas, and technical breakdowns. Let’s navigate the crypto market together — smarter and sharper. 📊🔥
