4H ETH/USDT

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4H ETH/USDTEthereum / TetherUSBINANCE:ETHUSDTcryptodailyukπŸ“Š Context Short-term trend: downward / consolidation under resistance Structure: lower highs β†’ classic supply pressure You have a downward trendline drawn and it's working correctly πŸ”‘ Key levels 🟒 Resistance: 2312 – current local struggle zone 2341 – mid-range / often reacts 2387 – main resistance (recent rejections) πŸ”΄ Support: 2247 2218 – 2209 (important demand zone) 2159 (if everything lets up – next target) πŸ“‰ What just happened? Strong upside breakout β†’ rejection on the trendline Quick dump β†’ failure to maintain bullish structure Currently: pullback after a downward impulse This looks like: πŸ‘‰ Fake breakout + continuation of the downtrend πŸ“Š Indicators Stoch RSI: Coming off overbought β†’ Downward momentum Not yet at an extreme low β†’ room for further decline MACD: Red histogram MACD line reversing down πŸ‘‰ Bearish signal 🧠 Scenarios πŸ”΄ Scenario 1 (more likely): Continuation of downtrend Rejection from 2312–2320 β†’ drop to: 2247 then 2210 πŸ‘‰ If 2210 breaks β†’ quick move to 2160 🟒 Scenario 2: False dump + bounce Condition: Return above 2312 Retest as support Then: Target: 2341 β†’ 2387 But until it breaks the trendline β†’ it's just a bounce. ⚠️ The most important thing: As long as the price is below the downtrend line: πŸ‘‰ you're shorting/selling the rally