🔊$ETH Slipping Below Key EMAs – Retest or Further Breakdown🤔🔐👇

ETH is currently trading at $2,469, losing grip over its recent recovery momentum. The price has slid back below the short-term EMA cluster on both the 1H and 4H charts, showing signs of weakness amid a lower high formation.

The RSI on 1H is at 41.33 and 4H at 39.46, both hovering just above oversold territory — indicating there's still room for downside before a true bounce setup.

🧠 Technical Outlook:

On the 1H chart, $ETH failed to hold above the $2,489–$2,515 short-term resistance zone and has started pushing downward again. Price is struggling to reclaim the 20 EMA, now acting as intraday dynamic resistance.

The 4H chart shows a clearer picture: ETH got rejected from the $2,539–$2,555 zone, where the 50 and 100 EMAs converge. This rejection is now pushing it back toward the 200 EMA near $2,427, which remains the next likely support test.

🎯 Trade Plan:

If price drops to $2,420–$2,430 and consolidates, it could be a buy zone for a short-term bounce.

If $2,427 breaks, expect further downside toward $2,370–$2,390.

Upside invalidation requires $ETH to reclaim $2,515+ on the 1H with strong volume and RSI reversal.

🔎 Sentiment Check:

• RSI divergence hasn’t appeared yet.

• Volume is weak during this drop — could signal a trap, but caution is key.

• Macro structure still weak unless bulls defend $2.42 strongly.

💡 Final Thought

"Smart entries are made in red, not in hype."

ETH is giving warning signals — the best plays now will come from patience, not impulse.

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