Currently, Ethereum’s (ETH) trend appears to be in a cautious zone, with mixed signals leaning towards a slight downward pressure. On the 4-hour chart, indicators like the RSI show neutral to slightly bearish momentum, hovering around 40-50, which typically signals consolidation or a potential continuation of a downtrend if support levels break. Additionally, moving averages (such as the 10, 20, and 50 SMAs) are indicating some bearish sentiment across multiple timeframes.

For an immediate trade setup, consider placing a limit buy order around a lower support level, ideally near $2,450. If you enter at this level, you might set a stop-loss just below this range, around $2,420, to protect against further dips. For a potential take-profit (TP), look towards recent resistance levels near $2,520 to $2,540, where some recovery could occur if bullish momentum builds.

Given that ETH is sensitive to broader market trends, monitor any fluctuations, as Ethereum’s price could shift based on overall crypto market conditions.

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