📉 Current Price: $4,310 (-0.49%)
📊 24h High: $4,492 | 24h Low: $4,255
🔎 Price Analysis
Ethereum faced heavy rejection at $4,492, sparking a quick sell-off toward the $4,255 support zone. Since then, price has been consolidating sideways around the $4,300 mark, showing hesitation to take a decisive direction.
The 7MA (yellow) and 25MA (pink) are tangled, while the 99MA (purple) sits above at $4,343, acting as a ceiling. This structure signals a short-term bearish bias, unless bulls reclaim momentum.
📈 Bullish Outlook
A breakout above $4,350–$4,370 zone could trigger a rally back toward $4,450+.
If ETH flips $4,492, momentum shifts strongly bullish, opening the door to $4,600 levels.
📉 Bearish Outlook
Failure to hold above $4,300 risks a retest of $4,255 support.
Breaking below $4,250 could drag ETH toward $4,200 psychological zone.
📝 Trading Plan
Entry (Bullish): Above $4,350 confirmation
Entry (Bearish): Below $4,300 with volume drop
Stop Loss: $4,240
TP1: $4,370
TP2: $4,450+
⚖️ Verdict
Currently neutral-to-bearish, with sellers keeping ETH capped under moving averages. A reclaim of $4,350 flips the script bullish, but until then caution is key.
📌 Quick scalpers can play the $4,250–$4,350 range, while swing traders should wait for confirmation.
🔥 Takeaway: ETH is in consolidation mode — the next decisive move above or below $4,350/$4,250 will set the tone.
