💥 Ethereum Breakdown? Bulls Face Harsh Reality Check
Ethereum’s rebound wave fizzled out near $4,450, leaving bulls struggling to hold ground. ETH now risks sliding further down. ⚠️
📉 Current Setup:
Trading below $4,400 and the 100-hour SMA
Short-term descending channel resistance at $4,310
Key hurdle ahead: $4,360 Fib level
📊 Bullish Case:
If ETH reclaims $4,360, momentum could flip — opening doors to $4,420 → $4,500 → $4,550. 🚀
📉 Bearish Case:
Failure to clear $4,360 may drag ETH back to:
First support: $4,260
Crucial support: $4,220
Break lower = $4,160 → $4,120 zone in play.
🔎 Indicators:
MACD: bearish momentum growing
RSI: below 50, favoring sellers
👉 Key Levels:
Support: $4,220
Resistance: $4,360
ETH is at a crossroads — breakout or breakdown? 👀
