$ETH
Based on the 4H chart you shared:
ETH is still trading below the Bollinger middle band (~1707).
Recent move was a strong bearish dump from ~1779 to ~1635.
Current candles look like a weak relief bounce/consolidation, not a strong trend reversal yet.
Resistance: 1680-1710
Support: 1635-1650
Short-term prediction (next few hours): ➡️ 55-60% chance of SHORT/downside ➡️ 40-45% chance of a bounce up to 1680-1700 first
Key level:
Above 1710 = bullish signal, favor longs.
Below 1650 = bearish signal, likely revisit 1635 and possibly lower.
Current bias:
Slightly SHORT until ETH reclaims 1707-1710. Not a high-confidence long at current price.
Based on the 4H chart you shared:
ETH is still trading below the Bollinger middle band (~1707).
Recent move was a strong bearish dump from ~1779 to ~1635.
Current candles look like a weak relief bounce/consolidation, not a strong trend reversal yet.
Resistance: 1680-1710
Support: 1635-1650
Short-term prediction (next few hours): ➡️ 55-60% chance of SHORT/downside ➡️ 40-45% chance of a bounce up to 1680-1700 first
Key level:
Above 1710 = bullish signal, favor longs.
Below 1650 = bearish signal, likely revisit 1635 and possibly lower.
Current bias:
Slightly SHORT until ETH reclaims 1707-1710. Not a high-confidence long at current price.