๐ Current Price Action
ETH is trading around $4,172.
24h Range: $4,063 โ $4,342
Recently pulled back after hitting resistance near $4,791.
๐ง Indicators Breakdown
๐ EMA (Exponential Moving Averages)
EMA(9): $4,278 (short-term)
EMA(21): $4,287 (mid-term)
EMA(50): $4,061 (long-term)
๐ Price is below EMA(9 & 21) = short-term bearish.
๐ Still above EMA(50) = long-term uptrend intact (unless $4,061 breaks).
๐ MACD
Bearish crossover with negative histogram.
Expanding divergence = continued short-term downside pressure.
๐ป Stochastic RSI
Reading: 8.13 (oversold)
Oversold zone could mean a bounce is near, but not guaranteed.
๐ Volume
Declining red volume โ sellers active, but without strong conviction.
๐ฎ Short-Term Prediction (Next 24โ48h)
Scenario 1 โ Bearish Continuation (60% probability):
Price may retest $4,061 (EMA50 support).
If it breaks, next supports are $3,915 and $3,598.
Scenario 2 โ Relief Bounce (40% probability):
Oversold RSI + strong support could trigger a bounce.
Key resistance levels: $4,230 (EMA9) and $4,285 (EMA21).
๐งญ Strategy Considerations
Buyers: Wait for confirmation above $4,230 with volume, or accumulate near $4,060 if investing long-term.
Sellers/Shorters: A breakdown below $4,061 may open the door toward $3,900 or lower.
โก Summary:
ETH is showing short-term bearish momentum, but the long-term uptrend is safe unless $4,061 breaks. Watch the RSI oversold signal โ a bounce is possible, but caution is key.