Looking at my 4H ETH/USDT chart, here’s a clean breakdown of what’s happening and the most probable next move for #Ethereum
🔍 Current Structure
• Price is ~2092, dropping from a recent local high (~2199).
• You’re seeing lower highs forming → early bearish structure.
• Price is now:
• Below MA(7), MA(25), MA(99) → bearish alignment
• Near Bollinger Band lower zone (2081) → short-term support test
• Parabolic SAR flipped above price → confirms bearish momentum
• MACD turning down + red histogram → momentum shifting bearish
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📉 Bearish Scenario (More likely right now)
If ETH fails to hold this zone:
• Key support: 2080 – 2050
• If that breaks → next move:
• 2020 (previous low area)
• Possible wick to 2000 psychological level
👉 This is the dominant scenario because:
• Momentum indicators (MACD + SAR) are bearish
• Price rejected mid Bollinger band (~2140)
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📈 Bullish Scenario (Only if reversal happens)
For bulls to take control:
• ETH must reclaim 2125 – 2145 (MA cluster + mid Bollinger)
• Then next targets:
• 2170
• 2200 resistance
👉 Without reclaiming that zone, upside is weak.
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⚖️ Conclusion
• Short term bias: BEARISH
• Likely move: Continuation down to 2050 → possibly 2020
• Watch reaction at 2080 — that’s your decision zone