Ethereum 4HR Structure Update

This idea focuses on Ethereum on the 4 hour chart.

Price is approaching a descending trendline that has acted as dynamic resistance. A break and confirmed close above this trendline is required before considering any long setups.

Key Levels and Structure

• Primary focus is the descending trendline that has capped every recent bounce
• A full candle close above the trendline is essential before any entry is planned
• The upside reference area for this idea is near 3600 where prior reactions occurred
• Invalidations sit below 2950 which would represent a break beneath the recent structural base

Entry Logic

This setup is based on confirmation rather than anticipation.
• No entries should be taken while price remains under the trendline
• A strong bullish close outside the trendline is needed
• Weak closes or wicks through the trendline without body confirmation do not qualify
• The idea is only valid once the trendline is clearly violated on a closing basis

Why the Close Matters

Closing outside the trendline shows that market participants have accepted price above the descending structure rather than briefly testing it. This helps filter false breaks and reduces reliance on intrabar volatility.

Risk Parameters

Stops would be referenced below 2950 since a move under that area would indicate failure to hold recent structural support. The 3600 region is used as the first upside reference point based on previous reactions on the 4 hour chart.

Notes

This idea evaluates structural behavior and does not forecast future performance. Users should confirm levels and apply their own risk management plan before taking any trade.