🔍 $ETH Analysis – Support Test at $4,375, RSI Near 30 🔍
🧠 Ethereum is holding near $4,375 after a sharp 24h drop of -6.86%. The selloff has paused, but bulls haven’t stepped in with conviction yet.
📈 Technical Analysis
- Trend: Bearish short-term, but slowing momentum
- Support: $4,300 (key level), next at $4,180
- Resistance: $4,520 and $4,600 zone
- Pattern: Descending channel forming on 4H
- Volume: Declining on sell candles—possible exhaustion
- RSI: Hovering near 30, signaling oversold territory
- Outlook: Neutral to bearish unless $4,520 breaks
📰 Market Data & News
- Live Price: $4,375
- 24h Change: -6.86%
🔄 Scenario Breakdown
- Bullish Case: Break above $4,520 with volume could trigger rally to $4,600. TP: $4,590 | SL: $4,300
- Bearish Case: Drop below $4,300 confirms downside toward $4,180. TP: $4,190 | SL: $4,420
📊 Sentiment Meter
📊 Neutral – Range-bound, no clear direction
⚠️ Risk Level
🟡 Medium – Some signals align, but confirmation needed
💬 Will ETH bounce off $4,300 or break lower? Share your setup below 👇
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📢 Reminder: This is educational content. No guarantees, no advice—just charts, data, and perspective.
🏷️ #ETH #CryptoCharts