$ETH is currently trading around 4150–4160 after bouncing off the 4109–4125 support zone. But the battle isn’t over yet 👀
Key Technicals
🔻 Trend: M15 MA still sloping down → intraday bias remains bearish until reclaimed.
📈 Structure: Higher lows forming, but confirmation only above 4168–4175.
📊 RSI: Improving (~57) ith mild bullish divergence, but not yet a breakout.
⚡ Candle behavior: Buyers defending 4110s (long wicks), sellers hitting pops into 4170s.
Levels to Watch
Support: 4109–4125 → break below = 4065 daily block in play.
Resistance: 4168–4175 (MA/neckline), then 4200–4215 (prior breakdown).
Scenarios
🐂 Bullish: Hold above 4175 → squeeze toward 4200–4215 (Inverse H&S setup).
🐻 Bearish: Rejection at 4170s → back to 4125 → 4109 → 4065.
Sentiment Trap
Dumps trigger fear → late shorts pile in.
Bounce tempts FOMO longs.
Big players exploit both sides → liquidity games at key levels.
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📌 Final Take: $ETH is at a make-or-break retest zone. Win = reclaim 4170s. Lose = slide toward 4065. Trade the reaction, not emotions.
🔥 Patience makes killers. FOMO makes victims.
#ETH #CryptoTrading #PriceAnalysis