ETH is currently carving out a **bottoming structure** on the 4H timeframe, struggling to regain bullish momentum after a sharp drop to $2,220. The market structure remains bearish-to-neutral as price trades below the **MA(99)** ($2,323), which is acting as dynamic resistance.


However, recent higher lows suggest a potential shift. A **smart spot entry** lies at the retest of the $2,290 support area. Keep a tight stop-loss below the $2,220 swing low to protect against further downside.
* **TP1:** $2,325 (MA99 Resistance)
* **TP2:** $2,370 (Structural Supply)
* **TP3:** $2,405 (Range High)
*Not Financial Advice. DYOR.*
$ETH
ETH-0.13%
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