Hello Guys, letโs now break this 4H structure down, indicators, signals, and analyse the current situation of $ETH ,Letโs Go!
๐ Current Market Context
โข Price: ~2285
โข Weโve just had a sharp rejection from the upper supply zone (~2380โ2420).
โข Price is now trading below key MAs (7 / 25 / 99) โ bearish short-term structure.
โข Supertrend flipped bearish and SAR is above price โ confirms downside pressure.
โข MACD is negative and expanding โ momentum favors sellers.
๐ง What the Chart is Showing
1. Failed Breakout โ Distribution
The top grey zone (~2400) acted as strong resistance:
โข Multiple rejections
โข No strong continuation
๐ This looks like a liquidity sweep + distribution, not a breakout.
2. Lower High Formation
โข The recent bounce failed near ~2360โ2370
โข That creates a clear lower high
๐ Market structure is now shifting bearish
3. Break Below Support Zone (~2318)
โข Price lost the orange demand zone
โข Now acting as resistance
๐ This is a key sign sellers are in control.
๐ Probable Next Moves
๐ฅ Bearish Scenario (Higher Probability)
If price stays below 2315โ2330:
โข Expect continuation toward:
โข 2260 (recent low area)
โข Then possibly 2220โ2200 (next support / liquidity zone)
๐ Momentum + structure both support this move.
๐จ Short-Term Bounce Scenario
A relief bounce could happen if:
โข Price reclaims 2315โ2330 zone
Targets:
โข 2360
โข Possibly 2380 (weak retest)
โ ๏ธ But this would likely be a pullback, not trend reversal unless:
โข Price breaks and holds above 2400
๐ Key Levels to Watch
โข Resistance:
โข 2315โ2330 (critical flip zone)
โข 2360
โข 2400+
โข Support:
โข 2260
โข 2220โ2200
โ๏ธ Summary
โข Structure: Bearish (lower high + breakdown)
โข Momentum: Bearish
โข Bias: Sell rallies / continuation down
๐ The market is likely heading lower unless it reclaims 2330 strongly.
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