#ETH
ETH/USDT – Market Outlook Ahead of NY Open
On the 4H timeframe, ETH remains under strong bearish pressure. Price is trading below the short and mid-term EMAs (EMA 7 & EMA 25) and is currently testing the EMA 99 zone, which acts as a key dynamic support.
Momentum indicators still favor the downside:
MACD remains deeply negative with expanding bearish histogram
RSI is oversold, showing weak buying interest
Volume does not confirm a strong reversal yet
What to expect at NY open:
The New York session could bring higher volatility. If buyers defend the EMA 99 area, a short-term relief bounce is possible. However, failure to hold this level may open the door for continuation toward lower supports.
Patience is key here. Let NY confirm direction before taking new positions.
Risk management over prediction.