🚨 Technical analysis for the price of $ETH - Potential Sell Opportunity
The price of $ETH is currently trading within the resistance area of 4750-4995, which has long been a strong source of supply. On the four-hour chart, the Relative Strength Index is entering overbought territory, while the candles show upper wicks, indicating a potential exhaustion of buyers.
If the price of $ETH fails to close above 4995 with strong momentum, a corrective downward move may follow before any attempt to continue.
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📉 Sell Setup
Entry Area: 4750-4995
TP1: 4550
TP2: 4350
TP3: 4200
Stop Loss: 5050
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💡 Note: A confirmed breakout above 5050 may invalidate the sell setup, opening the way for a move towards 5200+.
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