🔥 ETH Bounce Rejected — Is Another Leg Down Coming? 🔥

Ethereum attempted a recovery from $4,050, reclaiming $4,220, but the path ahead looks tough. Key levels to watch:

🔍 Current Setup:

✅ ETH is trading below $4,350 and the 100-hour SMA

✅ Facing a downtrend resistance at $4,355

✅ Major hurdles: $4,380 & $4,460

🚨 Bearish Scenario:

If ETH fails to clear $4,380, we could revisit:

➡️ $4,240 → $4,200 → $4,120 → $4,050

Breaking $4,000 could open the gates for deeper losses.

🚀 Bullish Breakout?

Above $4,460, momentum flips! Next targets: $4,500 → $4,550 → $4,565.

📊 Indicators:

• MACD losing negative momentum

• RSI slightly above 50 — still indecisive

Support: $4,220

Resistance: $4,380

What’s your call? Bull trap or breakout ahead? 🤔

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