
$ETH is showing clear signs of momentum cooling after its powerful move higher. Price spent several sessions consolidating near the recent highs, but sellers are now starting to gain control. The 4H MACD has weakened significantly, with bearish momentum building as the MACD line moves below the signal line. This doesn’t automatically mean the broader trend is over, but it does suggest bulls need to step back in soon to prevent a deeper correction. The next few 4H candles could reveal whether this is simply a healthy pullback or the start of a larger reversal.
