🔥 Ethereum: Can $4,500 Support Hold?
Ethereum has pulled back from $4,765 and is now testing the critical $4,500 support zone.
🔹 Technical Snapshot
MACD: Bearish momentum weakening (contracting bars)
KDJ: Entering oversold → rebound demand possible
MA Trend: Trading below 100-hour MA, resistance near $4,620
Key Level: $4,500 = psychological + 61.8% retracement support
🔹 Trading Outlook
✅ Bullish Case: If $4,500 holds, look for bullish reversal signs (long lower shadows / engulfing candles).
🎯 Targets: $4,750 → $4,865
🛑 Stop-loss: below $4,450
❌ Bearish Case: Break below $4,460 could drag ETH to $4,382 → $4,270. In that case, shorting on a rebound near $4,460 is possible.
⚡ Conclusion: $4,500 is the make-or-break level. Holding it may spark a rebound, losing it could trigger deeper correction.
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