$ETH #ETH

Ethereum (ETH/USDT) – 4-Hour Analysis

1. Price Action Analysis

ETH is trading at $1,878 USDT.

A descending triangle pattern has formed on the chart.

The $2,000 USDT level, which previously acted as support, has now turned into strong resistance.

Price has broken below the triangle, which is a bearish signal from a technical perspective.

If ETH breaks below $1,850, the next support level is around $1,750 USDT.

2. RSI Divergence (Relative Strength Index) Analysis

RSI is at 37.36, which is not yet in the oversold zone, indicating that there may still be room for further downside.

The RSI remains in a downtrend, suggesting continued weakness.

3. SMI (Stochastic Momentum Index) Analysis

The SMI is at 2.18 and -0.59, indicating extreme weakness, but it is attempting to turn upward.

This suggests the possibility of a short-term rebound, but the overall trend remains bearish.

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Forecast & Trading Plan

📉 Short-Term Bearish (Short Trade)

Scenario:

If ETH breaks below $1,850, it could continue dropping to the next support zone around $1,750.

The downward trend remains strong.

Short Entry:

Enter around $1,860 - $1,880.

Target (Exit): $1,750 - $1,780.

Stop-loss: $1,920.

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📈 Short-Term Rebound (Long Trade Possibility)

Scenario:

If ETH breaks above $1,950, a short-term rebound may occur.

While the SMI shows signs of upward momentum, the overall trend is still bearish.

Long Entry:

Enter above $1,950 with confirmation.

Target (Exit): $2,000 - $2,050.

Stop-loss: $1,920.

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Conclusion

ETH is currently in a bearish trend, and if $1,850 is broken, ETH may drop toward $1,750.

The SMI and RSI indicate a possible short-term rebound, but the overall trend remains bearish.

Shorting ETH has a higher probability of success, but if it breaks above $1,950, a short-term long trade could be considered.

Always follow risk management!