SELL 2,120 – TP 1,800 – SL 2,300 (H4 Swing Setup)
On the H4 chart, ETH is clearly shifting from bullish to distribution after rejecting the 2,385 high. Price is now trading below EMA50, turning it into dynamic resistance — a strong signal that sellers are taking control on the higher timeframe.
Structure-wise, ETH is forming lower highs while struggling to reclaim the 2,150–2,200 zone. This is classic bearish continuation behavior. MACD is rolling over again with increasing downside momentum, suggesting the market is not done correcting yet.
Volume confirms the story: sell-offs come with stronger participation, while rebounds look weak and exhausted. If ETH continues to reject below EMA50, the next major liquidity zones sit at 1,900 and deeper at 1,800.
But here’s where the debate heats up: is this a macro pullback before a new leg up… or the start of a deeper trend reversal? A clean break and hold above 2,300 would completely flip the bias back to bullish.
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