Ethereum ($ETH ) is flashing warning signals as bearish pressure builds. Here’s what traders need to know:
🔎 Trend & Momentum
📉 ETH has slipped under EMA20 & EMA50 → weakening short-term strength.
🟠 Now testing EMA200 → the last key support line.
📊 MACD shows a bearish crossover → sellers taking control.
📉 Volume Oscillator: –0.006 → weak buyer demand.
🧭 RSI at 45.6 → neutral but tilting bearish.
📊 Order Flow & Derivatives
❌ Order Book Imbalance: –65.3% → sellers heavily outweigh buyers.
📑 Funding Rate: 0.009% → market in wait-and-see mode.
🚧 Large sell walls above → upside moves face heavy resistance.
📝 Technical Verdict
📉 Bias: Bearish — ETH likely to retest $4,200–$4,150 support.
⚠️ If $4,200 breaks → watch for a deeper pullback toward $4,000–$3,950.
✅ Bullish Invalidation: A strong close above $4,480 (EMA50) with volume could flip momentum back up → next targets $4,600–$4,700.
⚠️ Final Takeaway
ETH is balancing on a tightrope 🪢. With 65% sell-side dominance and fading momentum, bears currently hold the edge. $4,200 is the level to watch — lose it, and $4K could be next. Stay cautious. 🛡️
🔥 Trending Now: $SOL is showing signs of strong activity — watch for upcoming moves. 🚀
