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🚨 ETH Is Sitting at a Critical Decision Zone – Traders Should Pay Attention!
ETHUSDT on the 4H chart remains under bearish pressure, with price trading below the MA10 and MA30, confirming that sellers still control the trend. The recent bounce from the $1,504 low failed to create a higher high, showing weak bullish momentum.
📊 Technical Signals:
• MA5 < MA10 < MA30 = Bearish structure remains intact.
• RSI is near oversold territory, suggesting a short-term relief bounce is possible.
• MACD remains below the zero line, indicating momentum still favors bears.
• Key Support: $1,620 - $1,580
• Major Support: $1,500
• Resistance Zone: $1,720 - $1,760
🔍 My View:
As long as ETH stays below $1,720, rallies may face selling pressure. A break below $1,620 could open the door for another test of $1,500. Bulls need a strong reclaim above resistance to shift market sentiment.
Risk management is key in this market. Always wait for confirmation before entering a position.
#Ethereum #ETH #CryptoTrading #Bitcoin #Altcoins