$ETH Market at a Decision Area
✍
$ETH is currently trading around a high-confluence support zone, where price behavior deserves attention rather than anticipation.
✍ Technical analysis
✔ Price is holding around EMA 100 and EMA 200, as you can see below on the chart, a zone that often acts as a pivot between continuation and deeper correction.
✔ The recent pullback from the local high indicates weakening bullish momentum, but selling pressure is also slowing.
✔ RSI remains below the mid-level, reflecting a cautious market, with conditions leaning toward exhaustion rather than strength.
✔ MACD stays in negative territory, though the histogram is contracting, suggesting downside momentum is losing force.
✔ Repeated lower wicks on recent candles show active defense by buyers, but without confirmation yet.
✍ What matters next:
A 4H close above EMA 25 and EMA 50 would be the first sign of short-term structure recovery.
✔ Loss of EMA 200 support would increase the probability of further downside.
✔ Direction without volume expansion remains unreliable in either case.
Conclusion: This is not a signal zone, but a decision zone.
✍ Confirmation is required before commitment. Patience here protects capital more than prediction.
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