$ETH /USDT (4H)
$ETH is clearly in a short-term downtrend on the 4H chart, making lower highs and lower lows while trading below the descending moving average. Momentum remains bearish, though selling pressure has slowed slightly after the recent dump.
RSI is near the oversold zone (~30) and curling up a bit, which hints at a possible short-term relief bounce, but not a confirmed reversal yet.
Key levels:
Support: ~2,260–2,280 (recent lows)
Resistance: ~2,320–2,350 (prior breakdown area & MA)
Bias:
Bearish overall. A bounce is possible, but price needs to reclaim resistance and break the trend structure to turn bullish. Until then, rallies look more like pullbacks than trend changes.
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