#Binanceholdermmt 📉 $ETH 4H: Consolidated Downtrend

• Trading Plan (Short):

• Entry: $3,049 - $3,080

• Stop Loss (SL): $3,120

• Take Profit (TP): $2,980

• Indicators: RSI(12) is at 47.44, has room to drop towards the oversold region, confirming a potential downward movement after the price rejection. MACD is well below zero (-11.78), validating a strong bearish momentum in the larger timeframe and the likelihood of trend continuation.

• Outlook: Failure to maintain $3,034 (EMA 50) will likely push ETH down to retest the low of $2,815. A break below this level targets the region of $2,620 (the most recent lowest support level).

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ETH

3,123.86

-0.41%