💥 #Ethereum Breakdown? Bulls Face Reality Check ⚠️
Ethereum’s rebound wave above $4,450 failed to sustain. ETH is under pressure and could slip further below $4,220.
🔎 Key Highlights:
ETH struggles to reclaim $4,400
Price is trading below $4,400 and the 100-hour SMA
Hourly ETH/USD chart shows a descending channel with resistance at $4,310
📈 Bullish Scenario
Close above $4,350–$4,360 could open doors toward $4,420
A clean breakout might extend to $4,500–$4,550
📉 Bearish Scenario
Failing to clear $4,360 may trigger a retest of $4,260
Key support sits at $4,220, with risk of a drop toward $4,160–$4,120
📊 Indicators
MACD: Bearish momentum increasing
RSI: Below 50 (weakness signal)
Major Support: $4,220
Major Resistance: $4,360
🤔 Do you think ETH will bounce back above $4,360, or are bears about to take full control?
