$ETH Strong resistance within the range of $4,350–$4,380, where operations retreated from this level despite the recent rise to $4,369.

Price movements have been under pressure from the supply ratio in profit (over 90%) — a historical indicator of corrections occurring when exceeding that ratio.

2. Mixed technical indicators

On the four-hour (4H) timeframe, the 50-period moving average is trending downwards indicating weakness in the short trend, while the 200-period average is still bullish supporting the long trend.