$ETH is struggling to maintain its footing as it trades around $1,950.
The 4H chart reveals a clear downward trend with several key technical hurdles.
* Price Action: ETH is firmly under the $2,000 psychological barrier. Recent attempts to reclaim this level have been rejected, keeping the bias bearish.
* Moving Averages: The price is trending below all major Exponential Moving Averages (EMA 7, 25, and 99), signaling sustained selling pressure.
* Key Levels: * Support: Immediate floor at $1,937, with a deeper support zone near $1,747 (February lows).
* Resistance: Heavy resistance at $1,971 (EMA 7) and $2,000.
* Market Sentiment: With a -39.34% drop over the last 30 days, the sentiment remains at "panic-selling" levels (Fear & Greed Index: 12).
Bottom Line: Watch for a decisive break above $2,040 to negate the downtrend; otherwise, a retest of $1,750 remains likely. 🧘♂️
