$ETH
ETH/USDT (4H) – Buy or Sell?
Current Price: ~2,947
Timeframe: 4H
Market Analysis
ETH was rejected near 3,077 → strong resistance
Price is now below MA(7) and MA(25)
MA(99) is above price → bearish pressure
Recent candles show strong selling after rejection
Volume on the drop is healthy → sellers are in control
Decision: SELL / SHORT (Short-term)
Why SELL?
Failure to break above major resistance (3,070–3,100)
Breakdown below short-term moving averages
Bearish continuation likely toward lower support
Trade Plan (Scalping / Short-term)
Sell / Short:
On pullback to 2,980 – 3,000
Targets:
1st TP: 2,900
2nd TP: 2,850 – 2,820
Stop Loss:
Above 3,060
When to BUY?
Only consider BUY if:
ETH reclaims and closes above 3,060 on 4H
Strong bullish candle with volume
Then buy on retest, not at market.
Summary
✔ Short-term trend = Bearish
✔ Best move now = Sell the rallies
❌ Buying here is risky
This setup is suitable for short-term scalping.
Not financial advice. Manage risk properly.
