$ETH

After 2 days of waiting for support, the H4's momentum is gradually being pulled up as previously assessed before failing to break the ATH.

1. Current Structure

Sideways after pump: currently, the price is holding above EMA9 (4.727), creating a cluster of small alternating green and red candles → a sign that market makers are maintaining the rhythm, not distributing yet.

EMA21 (4.602): positioned quite close below, acting as a “safety barrier”.

2. Indicator Signals

OBV: still holding above the peak, not dropping → buying pressure has not released.

RSI (68): cooling down from overbought, currently at a healthy level but not too hot.

Stoch: showing signs of cooling down, but still hovering in the high range, meaning the market hasn't experienced strong sell-offs.

3. Key Observations

EMA9 = protective trend → breaking with small candles is not dangerous, but breaking with a solid large volume red H4 candle = a warning of an early dump.

EMA21 = final barrier. If the price breaks below EMA21 with high volume, the H4 wave can be considered prematurely over.

👉 Assessment: the H4 wave is starting to run, but the key lies at EMA9 or 21. If EMA9 remains intact, this is just a pause before continuing. But if there is a solid large volume red H4 candle breaking through → one must accept that it is a sign of an “early dump”.

Conclusion: If you have positions, hold them; if you don’t, consider carefully or only with very small volume.