ETH/USDT 4H CHart Short-Term

Wait 5 sec.

ETH/USDT 4H CHart Short-TermEthereum / TetherKUCOIN:ETHUSDTcryptodailyukThe current price is around 2282 USDT. A strong decline is visible after the rejection of the 2370–2380 area, and ETH is now testing the support zone at 2259–2302. Key levels from the chart: Support: 2259 USDT — the closest, currently being tested. 2225 USDT — stronger support below. Potentially lower around 2200–2180 if 2225 breaks. Resistance: 2302 USDT — first resistance after a potential rebound. 2329 USDT — more important local resistance. 2374 USDT — main resistance zone from which the price was rejected. Trend The orange downtrend channel line is drawn on the chart. The price previously broke through this line upwards, but has now returned to supply pressure. This looks like a false breakout/lack of continuation after the breakout. Until ETH returns above 2302–2329, the advantage is likely on the sellers' side. RSI and Stoch RSI The RSI is low, near the bottom of the range, but it hasn't yet given a strong reversal signal. It shows weakening momentum. The Stoch RSI is already very low, close to the oversold zone. This means a short-term rebound could occur, but oversold alone isn't enough—a demand candle or a breakout above the nearest resistance is needed. Bearish Scenario If the 4-hour candle closes significantly below 2259, then a move to: 2259 → 2225 → 2200/2180 In this scenario, any rebound to 2302 could be merely a retest of resistance before a further decline. Uptrend Scenario If the price defends 2259 and begins to rebound, the first target is: 2302, then 2329, and only a return above 2374 would significantly improve the market structure. The most bullish signal is a 4-hour candle closing above 2329, preferably on higher volume.