Overview

• ETH trades near $4,314, sits below the 100-hour moving average, and remains confined in a declining hourly channel capped around $4,310.
• Price recently printed a $4,233 low after a brief recovery above $4,350 that could not hold the $4,450 area.
• Momentum signals stay negative, with the hourly MACD strengthening in the bearish zone and RSI stuck below 50.
• A decisive close above $4,360 would target $4,420 next, with potential follow-through toward $4,500–$4,550.
• Failure to hold $4,220 raises the risk of a drop to $4,200, then $4,160 and $4,120, as trading activity cools even as ETH still leads market volumes.