$ETH

Technical analysis for currency $ETH – 4-hour frame

🔸 The price is bouncing from support 2540 and facing strong resistance around 2590–2650

🔸 Moving averages are close to the price and pressing down from above

🔸 The RSI indicator is below average, indicating weakness in buying momentum currently

🎯 Positive scenario:

– In case of breaking 2650 and stabilizing above it

– Targets: 2750 → 2840 → 2950

❌ Negative scenario:

– In case of breaking support 2500 with a closing candle

– Targets: 2430 → 2350 → 2280

📌 Note: It is preferable to wait for confirmation of closing above resistance or below support before entering

⚠️ Disclaimer: This analysis is for educational purposes only and is not financial advice.