$ETH
🔹 Price
ETH recently surged sharply from ~$4320 to $4493.
After that, a pullback occurred – currently trading around $4439.
🔹 Candles
There is a large green candle that showed upward momentum.
After the peak of $4493, several candles with uncertainty (red and green with shadows) are formed, indicating a local struggle between buyers and sellers.
The current candle is red, meaning sellers are pushing.
🔹 Indicators
RSI (6) ~48 – this is a neutral zone, after overbought there is a cooling down. This means the market is neither overbought nor oversold right now.
MACD – the blue line (DIF) is slightly above the pink one (DEA), but the difference is minimal → the signal is weak, it could be a continuation of growth or a reversal.
Volumes increased during the impulse, then decreased → buyers are not as active anymore.
🔹 Conclusion
ETH is currently in correction after the rise.
If it holds the level of ~$4420–4430, there may be a new attempt to rise to $4490–4500.
If it breaks down below $4420 and consolidates – a drop to ~$4380 or even $4350 is possible.
📌 At this stage, it is better to wait for confirmation:
for long – if there is a bounce from ~$4420 with a green candle without a shadow down;
for short – if it breaks $4420 down with a strong red candle.
