$ETH /USDT ANALYSIS – BEARISH PRESSURE STILL IN PLAY!
Ethereum is currently trading around $2,489.81, down -1.54% on the 4H chart. Price failed to hold above key moving averages (MA7, MA25, and MA99), indicating sustained bearish momentum. After the recent top at $2,788, ETH broke support near $2,528 and is now hovering just above its local low of $2,475.
🔍 Key Levels to Watch:
Resistance: $2,515 – $2,562
Support: $2,475 – $2,459 (if broken, next major support is far below)
📉 Market Outlook: Bears are in control below the 25 and 99 MA lines. Volume is decreasing, suggesting weak buying interest. Unless ETH reclaims $2,515 and closes strong above it, downside risk remains high.
⚠️ Should You Hold? If you're already holding ETH for long-term investment, consider reducing exposure or setting a tight stop loss just below $2,459. For short-term traders, this isn't an ideal time to hold blindly — wait for confirmation or a breakout above MA levels.
🛡 Risk Management: Set alerts near key support. Don’t hold without a plan — protect your capital with SLs and avoid emotional decisions.
💡 “Smart traders don’t hold blindly — they read the chart, follow structure, and manage risk!”
Don’t let indecision drain your wallet — trade ETH with clarity and exit when structure fails!
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