$ETH ETH/USDT Analysis (4 Hour Time Frame)
1. Current Price:
2,690.26 USDT (-0.47% in the last 24 hours, showing slight weakness).
24 Hour High: 2,791.78 USDT.
24 Hour Low: 2,662.28 USDT.
2. Technical Indicators:
Exponential Moving Average (EMA):
EMA 7: 2,705.02 → Price is below EMA 7, indicating short-term bearish pressure.
EMA 25: 2,690.04 → Price is parallel to EMA 25, indicating consolidation.
EMA 99: 2,803.79 → Price is still far below EMA 99, indicating the long-term trend is still bearish.
Relative Strength Index (RSI 6):
43.70 → Still below 50, indicating that the momentum is not yet strong enough to be bullish.
Williams %R (14):
-56.71 → Not in overbought or oversold conditions, the market tends to be neutral.
MACD:
DIF: 11.23 | DEA: 9.98 | MACD: 1.25
The histogram is positive, but still small, indicating that there is potential for an upward reversal but not yet strong enough.
3. Short-Term Analysis and Prediction:
✅ Potential Increase:
If the price manages to break through 2,720 - 2,750 USDT, it could head towards resistance at 2,800 - 2,850 USDT.
Bullish confirmation if the price passes 2,900 USDT with large volume.
❌ Potential Downside:
If it fails to hold above 2,660 USDT, it could drop to 2,600 - 2,540 USDT as strong support.
If it breaks below 2,500 USDT, then the bearish trend is stronger, it could fall to 2,400 USDT.
4. Conclusion & Recommendation:
Current trend: Consolidation, with a bearish tendency.
Entry Strategy:
Buy if the price breaks out above 2,720 USDT, with a target of 2,800 - 2,850 USDT.
Buy on dip in the area of 2,600 - 2,540 USDT, if there is confirmation of a reversal.
Stop Loss: If the price falls below 2,500 USDT.
Final Conclusion:
📉 The trend is still bearish, but there is a chance of a rebound if it breaks out above 2,720 USDT.
