#PowellWatch

stop Buy ETH Yet — Breakdown Risk Rising Near $4,200 ⚠️

$ETH

Ethereum’s (ETH/USDT) 1-hour chart is flashing several bearish signals that hint at a deeper correction, despite the broader market showing short-term bullish bias. Let’s break it down:

🔎 Trend & Momentum Signals

EMA Structure: Normally, EMA20 > EMA50 > EMA200 = bullish. But ETH just slipped under EMA20 and EMA50, leaving EMA200 as the final support. A clean break below EMA200 could open heavier downside.

MACD: With the MACD line (-36.487) under the signal (-43.784), bearish momentum is building. Sellers are in control short term.

Volume Flow: Volume Oscillator at -0.006 shows weak buy pressure → selling volume dominates.

RSI (45.6): Neutral, not oversold, meaning ETH still has room to fall before strong buyers step in.

📊 Order Book & Derivatives Insights

OB Imbalance: -65.3% → Sellers clearly outweigh buyers.

Funding Rate: 0.009% → Neutral, no extreme long/short bias yet.

Sell Walls: Overhead liquidity shows rallies will meet resistance, making upward breakouts harder.

📝 Technical Verdict

Short-Term Bias: Bearish → ETH is under pressure with momentum + order flow backing the bears.

Key Support: $4,200–$4,150. A breakdown here could drag ETH toward $4,000–$3,950.

Bear Invalidation: A 1h close above EMA50 ($4,480) with strong volume + bullish MACD flip would shift momentum back to the upside, targeting $4,600–$4,700.

⚠️ Final Takeaway

ETH is walking a fine line: weak EMAs, bearish momentum, and a sell-heavy order book tilt the advantage to bears. If $4,200 cracks, the next major stop could be the psychological $4,000 zone. Until bulls reclaim key levels, caution and defensive strategies are the smarter play.

👉 Stay sharp: support at $4,200 is the level to watch.

#Ethereum #ETH #CryptoMarket #MarketPullback #TradingSignals