Technical analysis by Expate about Symbol ETH on 4/4/2025

📊 Ethereum (ETH/USDT) - Daily Outlook 📊🔹 Current Price: $1,809🔹 Key Levels:🟢 Support: $1,762 (Fib 0.65), $1,915 (Fib 0.618)🔴 Resistance: $2,481 (Fib 0.5), $3,047 (Fib 0.382)🔮 Possible Scenarios:📉 Scenario 1: Bounce from Fib 0.65 📈ETH is testing the key golden pocket zone ($1,762–$1,915).If buyers step in, we could see a relief rally towards the $2,000-$2,100 zone.Breaking above $2,100 could trigger a move towards $2,480 (Fib 0.5).🔹 Odds: 55/45📈 Scenario 2: Break Below 0.65, Retest Lower Levels 🚨If ETH loses $1,762, it may drop further towards the $1,600-$1,500 range.Bearish EMAs (all sloping down) suggest ongoing downside pressure.RSI is still weak, showing no strong reversal signals yet.🔹 Odds: 45/55⚠️ EMA & RSI ConsiderationsETH is trading below all key EMAs (50, 100, 200), confirming a bearish structure.RSI is hovering around 40 but not yet oversold, meaning more downside is possible.A bullish divergence on RSI would strengthen the bounce scenario.🎯 Key Watch Points:1️⃣ Holding above $1,762-$1,915 zone = bullish potential.2️⃣ Reclaiming 50 EMA ($2,100) = stronger confirmation for upside.3️⃣ Losing $1,762 = further downside risk.🚀 Short-term caution, but golden pocket zone [u](right now)[/u] could be a reversal opportunity, especially if you do believe in ETH in a long-term.Unfortunately, Ethereum decided to visit lower lows and went with scenario 2.