Important Ethereum analysis for buying or selling 🚨
ETH/USDT pair analysis according to the attached image (4-hour timeframe):
$ETH
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Main data:
Current price: 2,569.33 USD
24-hour increase: 2,734.23
24-hour decrease: 2,498.30
24-hour trading volume (ETH): 947,800.92
24-hour trading volume (USDT): 2.49 billion
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Technical indicators:
1. Japanese Candlesticks:
The last candles are long red, indicating strong selling pressure.
The support level of 2,573 has been approximately broken.
2. Parabolic SAR Indicator (yellow dots):
Points started appearing above the candles → Negative signal (potential downtrend).
3. RSI Indicator (buy/sell strength):
Current value: 39.05
Below 50 → the market tends to sell more than buy.
Has not reached 30 yet → no signal of overselling.
4. MACD Indicator:
DIF = 24.39
DEA = 31.06
MACD = -6.67
→ Negative crossover (DIF less than DEA) → Signal for a continued downtrend.
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Support and resistance levels:
Strong support: 2,498 - 2,483
Resistance: 2,664 and 2,734
In case of a break below 2,483, we may see 2,393 or even 2,302 as the next targets.
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My advice to you:
If you currently own ETH:
Monitor the level of 2,483 closely; if broken down, a deeper decline may occur.
Consider a stop loss if the decline continues below support 2,483.
If you plan to buy:
Do not enter now, wait for a clear reversal signal (like a strong reversal candle or RSI below 30 then bounces back).
Potential good entry point near 2,393 or 2,302 with technical confirmation.
If you are thinking about selling/short selling:
As long as the price is below 2,664 and red candles continue, selling may be reasonable with a target of 2,483 or 2,393.
Pay attention to capital management and setting a stop loss.
$ETH
