short-term ETH (Ethereum) analysis

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short-term ETH (Ethereum) analysisEthereum / US DollarCOINBASE:ETHUSDshiva5600601. Current Price Structure ETH is consolidating after a strong upward move. A descending triangle pattern is visible, showing lower highs compressing toward flat support. Price is sitting near $4,750–$4,800 zone, with weakening momentum. 2. Bearish Short-Term Path Chart projection suggests ETH may first break down from the triangle. If this occurs, ETH could fall toward the $4,100–$4,200 zone (green line marked). This aligns with the previous strong breakout level, which now acts as major support. 3. Bullish Recovery Path After testing support near $4,100, a sharp reversal bounce is possible. If that happens, ETH could rally back quickly toward $4,800–$5,000 first, and then attempt a move toward $5,400–$5,500. This scenario matches the V-shaped recovery projection drawn in red on the chart. 4. Short-Term Outlook Bearish bias in the immediate term (due to descending triangle breakdown risk). Bullish medium-term recovery remains valid as long as ETH holds above $4,000–$4,100 support. The key level to watch short-term: $4,650. A clean break below opens the door for a deeper correction. ✅ Conclusion (Short-Term View): ETH looks vulnerable to a near-term dip toward $4,100–$4,200, but this zone is expected to act as a strong demand area. From there, a sharp bullish reversal toward $5,000+ is possible. Traders should be cautious of the short-term breakdown but prepare for a recovery swing from major support. Disclaimer: This analysis is for educational and informational purposes only and should not be considered as financial advice. Trading and investing in cryptocurrencies involve significant risk, including the potential loss of capital. Please conduct your own research and consult with a qualified financial advisor before making any trading or investment decisions.