Ethereum's 4-hour chart is painting an interesting picture right now. We're seeing obvious distribution patterns forming right at the EMA200 level, and the price action is hinting at a potential trend flip. That 200-period exponential moving average has been acting as a decision zone, and the way sellers are positioning themselves around it tells a story. Could be setting up for a reversal move if this pattern plays out.
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BlockBargainHunter
· 12-05 22:14
Here we go with the EMA200 story again. To me, it just sounds like storytelling. Can distribution really lead to a reversal?
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AirdropHunterXM
· 12-04 16:59
The EMA200 level really can hold people back. The distribution hasn't been fully flushed out yet, so it's hard to tell whether this reversal is real or just a fake-out.
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TokenVelocity
· 12-04 16:49
Is ETH about to make a comeback this time? The selling pressure at this key 200-period moving average is so intense, it feels like a reversal could happen at any moment.
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ChainMelonWatcher
· 12-04 16:48
Is the EMA200 causing trouble again? Last time it played out like this, it broke right through. Is it really possible for a rebound this time?
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DAOdreamer
· 12-04 16:38
It looks like there’s going to be another showdown at the key EMA200 level. With such an obvious distribution pattern, will it really reverse? I feel like I’d only be reassured if I see the trading volume.
Ethereum's 4-hour chart is painting an interesting picture right now. We're seeing obvious distribution patterns forming right at the EMA200 level, and the price action is hinting at a potential trend flip. That 200-period exponential moving average has been acting as a decision zone, and the way sellers are positioning themselves around it tells a story. Could be setting up for a reversal move if this pattern plays out.