$ETH #MyWeekendTradingPlan Based on the Multi-timeframe charts, Here is the professional analysis and trade plan.
4H Chart - Identify Direction (Trend)
· Primary Trend: Bearish. Price has made a significant lower high (LH) and lower low (LL) structure from the ~$3,045 high. The sharp -9.5% move is a clear downtrend.
· Key Observation: Price is trading below the 4H Bollinger Band basis line (BOLL: ~2,470.50), confirming bearish momentum. The 24h Low ($2,241.91) is a critical macro level.
· Directional Bias: DOWN. Until price reclaims and holds above a significant 4H structure high (e.g., $2,630