$ETH ## Operate with caution # don't get stuck like I did XD

# Market in 1 hour according to the chart#

📉 General trend

* The price is in a clear short-term downtrend.

* It fell from a recent high of $4,574.95 to a recent low of $4,210.71.

* Currently trading at $4,223.02, very close to the low of the last 24h.

📊 Technical indicators

🟡 RSI (Relative Strength Index)

* RSI(6): 24.03

* RSI(12): 33.70

* RSI(24): 38.49

* All RSIs are below 40, which indicates that the asset is oversold, especially RSI(6) near 20. This could anticipate a technical rebound, although it does not guarantee a trend reversal.

🟣 MACD

* DIF: -26.39

* DEA: -22.86

* MACD histogram: -3.53

* The MACD is in negative territory and the histogram shows that the difference between the MACD line and the signal remains negative. This confirms the bearish pressure.

🔴 Volume

* An increase in volume is observed during the decline, which reinforces the validity of the bearish move.

* Recent candles show a slight uptick in volume with a red candle, which may indicate additional selling or activated stop-losses.

🧭 Key levels

* Strong support: $4,210 (low of the last 24h)

* Immediate resistance: $4,311 (BB average) and then $4,387 (upper band)

* If the support of $4,210 is lost with volume, we could see further declines.

✅ Possible scenarios

1. Technical rebound (short term):

* Very low RSI may induce speculative buying.

* Possible target: middle band ($4,311).

2. Continued decline:

* If the price falls below $4,210 forcefully, it is likely to seek lower levels (like $4,150 or even $4,000).

3. Sideways range:

* If there is not enough bearish or buyer momentum, it could consolidate between $4,210 and $4,311.

🟢📉 Suggested strategy

* If you plan to trade:

* Long (buy): only if you see a reversal with volume and confirmation above $4,240–$4,260.

* Short (sell): if it breaks $4,210 with strong volume.

Stay safe and do your own research.