๐ Ethereum (ETH/USDT) Technical Update โ 4H Chart
ETH is showing continued bearish momentum, currently trading around $3,243, down 4.5% in the last 24 hours.
๐ Observations:
Price is trading below MA(7), MA(25), and MA(99) โ confirming a short-term downtrend.
RSI at 28 โ oversold zone โ ๏ธ โ a possible short-term bounce could be on the cards.
Support zone: $3,050 โ $3,100
Resistance: $3,400 โ $3,500
Volume is stable, but not showing strong buyer momentum yet.
๐ If ETH holds above $3,050, we might see a relief bounce toward $3,350โ$3,400.
But a breakdown below $3,050 could push it further to the $2,950 region.
๐ง Strategy:
Wait for confirmation โ donโt fight the trend. Watch RSI & support zone reaction closely before taking a new position.
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