📉 ETH/USDT – Technical Analysis (4H)
@Ethereum @Ethereum World News #MarketCorrection #ETH $ETH
🔴 Trend
• 📉 Clear downtrend
• Price below all moving averages (MA7 / MA25 / MA99)
• Sequence of lower highs and lows
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📊 Moving Averages
• 🟡 MA7: 2.468 → immediate resistance
• 🟣 MA25: 2.737 → strong resistance
• 🔵 MA99: 2.983 → macro trend still negative
➡️ Current price 2.412, well below → still bearish bias
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📉 RSI (Relative Strength Index)
• RSI(6): 19.85 🟥
• RSI(12): 21.10 🟥
• RSI(24): 25.72 🟥
⚠️ Extremely oversold
👉 Possible technical bounce, but does not confirm reversal
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📦 Volume
• 🔊 Strong volume spike on decline
• Indicates capitulation / intense selling pressure
• Last candles: lower volume → market “breathing”
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🧱 Important Supports
• 🟢 2.250 → recent strong support
• 🟡 2.300 – 2.320 → intermediate zone
• ❌ Loss of 2.250 may lead to a new leg down
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🚧 Resistances
• 🔴 2.470 – 2.500 (MA7)
• 🔴 2.580 – 2.600 (previous high)
• 🔴 2.740+ (MA25 – very strong)
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🧠 General Reading
• 📉 Structure still bearish
• 🔥 RSI indicates overselling
• 🟡 Pullback / relief may occur, but:
❗ Reversal only with breakout and consolidation above the averages
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🧭 Quick Summary
• ❌ Trend: Down
• ⚠️ RSI: Oversold
• 📊 Volume: Capitulation
• 🔄 Current scenario: Possible technical bounce
• 🔁 Confirmation of reversal: still NOT
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