$ETH

Ethereum (ETH) 4H Analysis

Current Price: $1,755.40 (-3.38%)

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Technical Overview:

Trend: ETH is correcting after reaching a local high at $1,834.86.

Moving Averages:

Price is trading below the MA7 ($1,772.95) – indicating short-term bearish momentum.

Still above the MA25 ($1,688.51) and MA99 ($1,611.14) – showing mid-term support.

RSI (6): Currently at 52.37, in the neutral zone but slightly tilting downward.

MACD: Bearish crossover – confirming a short-term correction phase.

Volume: Declining after strong bullish momentum – signaling weakening buyer pressure.

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Key Levels:

Support: $1,718 and $1,653

Resistance: $1,784 and $1,834

Projection:

If ETH breaks $1,718, expect a drop toward the $1,650–$1,600 range. However, a recovery above $1,784 could push it back to retest $1,835.

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Trader Tip:

Avoid entering at peaks or during sudden dips. Watch for RSI shifts and MACD signals. Patience and timing = better trades.