COIN NAME:
#ETH This Ethereum/USDT 4-hour chart on Binance shows a bearish flag pattern, a continuation pattern suggesting further downside. The price recently broke below the flag’s lower trendline, signaling potential bearish momentum. A retest of the breakdown area near $1,986 is expected before further declines. If resistance holds, Ethereum could drop toward the target zone of around $1,782. The supply zone above suggests selling pressure, while the demand zone below indicates potential support. The MACD is bearish, with red histogram bars increasing, while the RSI remains in oversold territory, suggesting short-term relief before another drop. Bollinger Bands indicate increased volatility, with price testing the lower band. If Ethereum fails to reclaim the broken flag, it could continue downward. Confirmation of a breakdown could reinforce a bearish bias unless bulls reclaim the retest area, invalidating the pattern.
This chart represents Bitcoin's market dominance on the 4-hour timeframe, forming an ascending triangle pattern, which is typically a bullish continuation setup. The upper resistance is near 62.2%, while the ascending trendline supports the price. The MACD and RSI indicators show momentum, with RSI testing the supply zone. If BTC dominance breaks out above resistance, it could indicate further strength; otherwise, a rejection might push it back toward the rising trendline.
This is my personal prediction, but as we all know, the crypto market is highly volatile. If you're considering this trade, be sure to conduct your own thorough research before making any decisions.
$ETH For more insights and future signals, check out my Bio and tune into my Binance live stream for real-time analysis and updates!