🌈 #ETH / #USDT Full Market Analysis with Fibonacci Levels 🌈
📊 Ethereum is showing continuous selling pressure between $4,240 → $4,235 with clear technical weakness, but also signs of a short-term bounce. Let’s break it down:
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🔹 Price Movement
Current Range: $4,239 → $4,234 (-2.5% in 24h)
24h High: $4,388
24h Low: $4,193
Trading close to 24h low, showing bearish dominance.
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🔹 Volume
Early: 162k ETH traded
Latest: ~1.5k ETH only
⚠️ Sudden drop in volume → Market waiting for a decisive move.
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🔹 RSI (Relative Strength Index)
Dropped to 31 (oversold) then bounced back near 41.
✅ Signals possible short-term recovery from oversold zone.
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🔹 Moving Averages
MA(7): Price trading below → bearish short-term.
MA(25): Still supportive, but price breaking under.
MA(99): Strong uptrend long-term, still intact.
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🔹 Fibonacci Retracement Levels (Based on $4,388 → $4,193 Range)
0% (Support): $4,193
23.6%: $4,239 ✅ (Current zone, crucial level)
38.2%: $4,266
50%: $4,291
61.8%: $4,315
100% (Resistance): $4,388
⚡ Market is consolidating at Fib 23.6% ($4,239) → A break below = bearish continuation, bounce above = short-term recovery.
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📌 Trading Plan
🎯 Entry (Buy Zone): $4,200 – $4,210 (oversold support)
🛑 Stop Loss: Below $4,176
🚀 Targets:
TP1: $4,266 (Fib 38.2%)
TP2: $4,291 (Fib 50%)
TP3: $4,315 (Fib 61.8%)
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🔮 Summary
ETH is currently oversold but near support.
If $4,193 holds → Expect bounce toward Fib levels.
If broken → Next leg down may come.
🌈 #crypto_future77 trending#
