@blackrooted
ETH (4H) Market Update
Current Price: $2,824
ETH continues to trade in a broader bearish structure, printing lower highs and lower lows on the 4H timeframe. Recent rebounds have failed to reclaim key resistance, keeping downside pressure intact.
📉 Key Levels:
• Immediate Resistance: $2,900 → $3,000
• Major Resistance: $3,200
• Current Support: $2,800
• Next Support: $2,650 → $2,550
🧠Outlook:
• As long as ETH stays below $3,000, rallies are likely to be sold into.
• A clean break and hold below $2,800 could open continuation toward $2,650.
• Bullish momentum only returns if ETH reclaims $3,200 on strong volume.
Bias: Bearish to neutral. Trend remains weak until key resistance is reclaimed.