#MarketPullback #IsraelIranConflict #BinanceHODLerHOME #CryptoRoundTableRemarks The current ETH/USDT trend shown in the 4-hour chart is strongly bearish. Here’s a breakdown of what the chart is indicating:

🔻 Price Action

ETH has dropped from a recent high of $2,879.22 to a low of $2,436.98, now slightly recovering to $2,521.12.

The large red candles indicate heavy selling pressure.

📉 Indicators

RSI (6): 15.34

This is in the oversold zone (below 30), suggesting the asset is heavily sold and may see a short-term bounce or consolidation.

MACD:

MACD line is well below the signal line (MACD: -36.69, DEA: 33.02).

This confirms strong bearish momentum.

Histogram is increasing in red volume, showing selling strength isn't slowing yet.

🧠 Summary

Trend: Bearish (downtrend)

Short-term outlook: Slight bounce possible due to oversold RSI, but overall momentum remains negative.

Support level: $2,436.98 (watch if retested)

Resistance level: Around $2,609 and $2,706

📌 Suggestion: If you're trading, avoid long positions