$ETH
📉 Technical Analysis for ETH/USDT Pair – 4-Hour Time Frame
Current Price: $2,580 ▼ (-1.98%)
The pair has seen a strong decline towards the critical support area at $2,379, before experiencing a limited rebound. Currently, it is trading below the main moving averages, reflecting ongoing selling pressure.
🔸 Technical Indicators:
MA(7): $2,578 < MA(25): $2,700 < MA(99): $2,596
RSI(14): 42.16 – Weak momentum below the neutral zone.
MACD: In the negative zone (MACD = -29.89), indicating the continuation of the downward trend.
Trading Volume: Noticeable increase coinciding with the decline, suggesting strong selling activity.
🔹 Important Technical Levels:
Support: $2,465 – $2,379
Resistance: $2,684 – $2,700
📌 Summary:
The overall trend is bearish in the short term, with limited recovery attempts. Holding above $2,465 may open the door to test $2,684, while breaking again below $2,465 could bring the price back to $2,379 or lower.
