📊 Current Price Action
Price: $4,172.40
24h High: $4,342.06
24h Low: $4,063.27
Trend: Pullback after facing resistance near $4,791.31
🧠 Indicators Breakdown
📈 EMA (Exponential Moving Averages):
EMA(9): $4,278.21 (short-term)
EMA(21): $4,286.98 (mid-term)
EMA(50): $4,061.29 (long-term)
👉 Price is trading below EMA(9) & EMA(21) but above EMA(50).
Short-term: Bearish momentum
Long-term: Uptrend intact unless EMA(50) gives way
📉 MACD:
MACD line: -69.68 (bearish)
Signal line: 114.22
Histogram: Negative & widening
➡️ Suggests increasing downside pressure in the short term.
🔻 Stochastic RSI:
Current: 8.13
Signal: 5.60
➡️ In oversold territory, hinting at a possible bounce.
📊 Volume:
Selling volume declining, but still favors bears.
🔮 Short-Term Outlook (Next 24–48H):
📉 Scenario 1 – Bearish Continuation (60%)
Price likely retests EMA(50) at $4,061.
Break below = support at $3,915 → $3,598.
📈 Scenario 2 – Relief Bounce (40%)
Oversold RSI + strong EMA(50) support could spark a short-term rebound.
Resistance levels: $4,230 (EMA 9) → $4,285 (EMA 21).
🧭 Trading Strategy
Buyers: Look for bounce confirmation above $4,230 with strong volume, or consider accumulating near $4,060 if holding long-term.
Sellers/Shorters: Breakdown below EMA(50) could accelerate downside toward $3,900–3,600.
⚡ Ethereum remains in a healthy uptrend on the bigger picture, but
short-term traders should watch the $4,060–4,230 zone closely for the next decisive move.
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