🔍 Ethereum (ETH) Analysis – Testing Patience Before the Next Move 🧠
🪙 Ethereum remains under pressure, currently trading at $4,437.96 with a slight dip of -0.26% over the past 24 hours. Despite minor fluctuations, ETH continues to consolidate within a tight range.
📰 Market Data & News
Current Price: $4,437.96
24h Change: -0.26%
📈 Technical Analysis
- Short-term trend: Sideways with bearish lean
- Support: $4,320
- Resistance: $4,560
- Pattern: Descending triangle forming, signaling potential breakdown
- Volume: Slight decline, indicating reduced interest
- RSI: Near 47, showing weakening momentum
- Moving Averages: 50MA below 200MA, bearish crossover
- Short-term outlook: Bearish
🔄 Scenario Breakdown
- Bullish Case: Break above $4,560 with volume could push ETH toward $4,780
- Bearish Case: Drop below $4,320 confirms downside toward $4,100
- TP: $4,780
- SL: $4,300
📊 Sentiment Meter
📉 Bearish Bias – Sellers in control, weak volume
⚠️ Risk Level
🟡 Medium – Some signals align, but confirmation needed
Will ETH reclaim $4,560 or is $4,100 the next stop? Share your view below 👇
⚠️ Disclaimer: This is for educational purposes only and is not financial advice.
❤️ $ETH