#rsETHAttackUpdate Hello guys , read this ananlysis carefully , this 4H Chart pattern $ETH is presenting weakness in all indicators , let’s have a look.

🔍 Current Structure
• Price is around $2,320
• Recent high: ~$2,423
• Recent low: ~$2,252
• Market is now ranging / slightly bearish after rejection
You had a strong impulsive move up → then a sharp rejection from $2,420 → now price is consolidating lower.
📉 Indicators Read
1. Bollinger Bands
• Price is sitting below the middle band (MB $2,343)
👉 That’s a bearish bias
• Bands slightly expanding → volatility picking up
2. Moving Averages
• MA7 < MA25 (short-term bearish crossover)
• Price is trading under key MAs
👉 Momentum is weak
3. SAR (Parabolic SAR)
• Dots are above price
👉 Confirms downtrend continuation
4. MACD
• Histogram turning red again
• Lines below zero
👉 Bearish momentum is building slowly, not explosive
🧠 Price Action Insight
You can see:
• A lower high formed after rejection ($2,420 → lower tops)
• Support holding around $2,300 – $2,310 zone
• Tight consolidation → breakout coming soon
This looks like a bearish continuation / distribution phase
📊 Key Levels
Resistance:
• $2,340 – $2,350 (MA + mid BB)
• $2,400 – $2,420 (major rejection zone)
Support:
• $2,300 (current range floor)
• $2,250 (previous low)
• $2,200 (next liquidity zone)
🔮 Probable Scenarios
🟥 Bearish Scenario (Higher Probability ~65%)
• If $2,300 breaks cleanly
👉 Expect move to:
• $2,250 first
• Possibly $2,200 if momentum increases
Reason:
• Trend + indicators all leaning bearish
• Weak bounce structure
🟩 Bullish Scenario (~35%)
• If price reclaims $2,350
👉 Then:
• Short squeeze toward $2,400–$2,420
But this needs:
• Strong volume
• Break above MA cluster
⚡ My Read (Simple)
👉 Right now: Weak bearish consolidation
👉 Likely next move: Breakdown before any real pump