🕯️ Candle Times: ETH/USDC

“Is ETH losing momentum? Fibs and candles say a lot”

Yesterday (1H & 4H):

ETH rejected the local resistance at ~3,694 USDC, forming a pin bar and upper wick on the 4H chart — a sign of selling pressure. The current structure appears to be a rising channel with declining volume.

🔢 Fibonacci retracement (move: 3,150 → 3,794):

• 38.2%: 3,610

• 50.0%: 3,470

• 61.8%: 3,330

🎯 Key levels:

• Resistance: 3,700 / 3,800

• Support: 3,610 / 3,470 / 3,330

🔮 Forecast:

• Scenario 1: Bounce from 3,610 → retest of 3,700

• Scenario 2: Break below 3,610 = correction toward 3,470 or even 3,330

Watch for confirmation candles around 3,610 (e.g. pin bar or engulfing).

#ETHUSDC #FibonacciSupport #CryptoTA #CandleTimes #Mindshare