Alright—this new 4H chart for Ethereum shows a clear shift in momentum. Let’s break it down 👇

⸻

📊 Market Structure Change

• Price: ~2200

• Recent high: ~2330

• Structure: Lower high + breakdown → bearish shift

This is important: the previous bullish structure you had is now broken.

🔑 Key Levels

Resistance (now strong)

• 2220 – 2235 → MA cluster + previous support (now resistance)

• 2270 → major rejection zone

Support

• 2175 – 2160 → current support (being tested)

• 2135 → next downside target

• 2060 → major support below

📉 Indicators Analysis

1. Moving Averages

• Price is now below MA7 & MA25

• MA7 starting to curve down → short-term bearish

• MA99 still below → long-term not fully bearish yet

👉 This suggests a pullback phase or early downtrend

2. Bollinger Bands

• Price dropped from upper band → mid → near lower band

• Bands slightly expanding → volatility increasing

👉 This supports continuation to downside or consolidation

3. MACD

• Bearish crossover confirmed

• Histogram: strong red momentum increasing

👉 Momentum clearly favors sellers

4. SAR

• Dots flipped above price

👉 Confirms trend reversal to bearish

🧠 Probable Scenarios

🔴 Bearish Continuation (Higher Probability)

• If ETH loses 2175 support

→ Next move: 2135 → 2100 zone

• Strong selling pressure suggests continuation

🟡 Relief Bounce (Short-term)

• Small bounce toward 2220 – 2235

• But likely to be a lower high

👉 Good area where sellers may step in again

🟢 Bullish Reversal (Only if…)

• ETH reclaims 2235 and holds

→ Then move back toward 2270

👉 Right now this is less likely

⚡ Conclusion

👉 Market bias: Bearish (short-term)

👉 Structure: Breakdown + continuation risk

• Expect: either a weak bounce OR further drop

• Key trigger: 2175 level