ETH: Sweeps Lows at $2408 Amid Bearish Trend
ETH sweeps lows at $2408.3 with MACD death cross at -6.15 and RSI 39.24 testing Bollinger support at $2406.11 on 4h chart.
SourceAnalysis
ETH delivered a clean sweep of the lows, @CryptoMichNL noted, with price locked at $2408.3 just above the lower Bollinger band support at $2406.11. The bearish trend structure keeps the EMA50 at $2431.51 as immediate resistance while the MACD death cross at -6.15 confirms downside momentum and the neutral RSI at 39.24 offers no relief yet.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast
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