ETH Price Faces Key Support Test After $4,791 Rejection — What’s Next?"

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🚨 $ETH

Short-Term Update 🚨

📊 Current Price: $4,553.48

💡 Recent High: $4,791.31

Indicators (12H Chart)

EMA(9): $4,488 — near-term support

EMA(21): $4,232

EMA(50): $3,891

MACD: Bullish crossover, but momentum fading

Stoch RSI: 68.34 → falling from overbought zone

📍 Market Insights

Strong Rejection: $4,791 resistance held firm, triggering pullback.

Support Test: Price hovering at EMA(9). Break = $4,232 retest.

Bearish Divergence: Momentum indicators not confirming price highs.

📈 Possible Moves (Next Few 12H Candles)

Likely: Mild pullback/consolidation → $4,450–$4,230 zone.

Bearish: Break below EMA(21) → $3,891 possible.

Bullish: Quick reclaim of $4,600 → retest $4,790+ potential.

🔎 Levels to Watch

Support: $4,488 / $4,232 / $3,891

Resistance: $4,600 / $4,790 / $4,863

#ETH #Ethereum #CryptoAnalysis #BinanceSquare

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