Hello guys, let’s quickly break down the 4H structure of ETH and see what’s going on.
Ethereum is trading around $2285 after a strong rejection from the $2380–$2420 supply zone. Price is now below key moving averages, with bearish signals from Supertrend, SAR, and a weakening MACD—showing clear downside pressure.
The chart highlights a failed breakout near $2400, forming a lower high around $2360–$2370, followed by a break below support at $2318, which is now acting as resistance. This confirms a shift to a bearish structure.
If price stays below $2315–$2330, the market is likely to continue downward toward $2260, and possibly $2220–$2200. A short-term bounce is possible if this zone is reclaimed, but it would likely be a pullback unless price breaks above $2400.
Summary: Bearish structure, bearish momentum—favoring downside continuation unless $2330 is reclaimed strongly.#FedRatesUnchanged #AftermathFinanceBreach #PolymarketDeniesDataBreach #LayerZeroBacksDeFiUnitedWithOver10000ETH #CFTCWillUseAItoReviewCryptoRegistrations
