$ETH I see in the screenshot the ETH/USDC (Ethereum to Dollar) chart from the Binance exchange, timeframe 1 hour.
🔎 What is visible:
Current price: $4280 (down ~1.47%).
Recent movement: after a confident rise to $4493, there was a sharp drop of almost $230 down (to $4262). This looks like a strong wave of selling (dump).
Candles: a long red candle overlapping several previous greens — a signal of seller dominance.
RSI (6): 28.58 → oversold zone (below 30), meaning the market quickly dumped the price. A bounce may occur.
MACD: still shows positive values (green bars), but it's clear that the histogram is starting to decrease → possible downward crossing and trend change.
Support area: around $4260–$4280, below — $4200.
Resistance: now $4400–$4450 (that’s where the strong dump began).
📌 Conclusion:
The downward movement is sharp, likely due to news or the exit of large volumes.
RSI suggests that ETH may bounce slightly upwards after such a drop, but the threat of continued decline also exists.
If there is no quick recovery above $4350–$4400, then the trend may shift into a downward correction.
