🔹Technical Analysis - Ethereum/USDT (4H Chart)
▪️Current Price Behavior:
Ethereum is currently trading around $4,376, showing a recent bullish move from the Demand Zone ($3,845 - $3,925). This rally has pushed the price into the Supply Zone ($4,300 - $4,450), which is acting as the first resistance area.
▪️Key Levels to Watch
▫️Resistance Level / Final Target:
$4,700 - $4,850 - Strong resistance area; price has previously rejected from this zone multiple times.
▫️Supply Zone (1st Target Area):
$4,300 - $4,450 - Current zone where price is facing selling pressure. Profit-taking or short entries may occur here.
▫️Support Level for Price:
$4,120 - $4,200 - If price retraces, this level could act as a bounce zone. A break below may lead to further downside.
▪️Demand Zone:
$3,845 - $3,925 - Strong buying interest seen previously. If price returns here, it may present a long opportunity.
▪️RBS (Resistance Becomes Support) Level:
Around $4,230 — A key pivot area where previous resistance turned into support. A retest of this level could provide bullish confirmation.
▪️Consolidation Zone (Previous Price Activity):
Price previously ranged between $4,150 - $4,350. This area may now serve as a decision point for either continuation or reversal.
▪️Potential Scenarios
🔼 Bullish Continuation:
If price holds above the support level and breaks the supply zone, we may see a move toward the Final Resistance Zone ($4,700+).
🔽 Bearish Retracement:
Failure to break the supply zone could lead to a pullback toward $4,230 or even the Demand Zone ($3,900).
▪️Volume Analysis
Volume remains moderate; however, a spike in volume near resistance or support levels will be crucial for confirming breakouts or reversals.
▪️Conclusion:
Ethereum is in a crucial decision zone. A break above the current supply area could open the path toward $4,700+, while failure may result in a retest of the lower support levels.
Traders should watch for confirmations around $4,230 support and $4,450 resistance for next moves.
If this helpful for you, press the like button.
▪️Current Price Behavior:
Ethereum is currently trading around $4,376, showing a recent bullish move from the Demand Zone ($3,845 - $3,925). This rally has pushed the price into the Supply Zone ($4,300 - $4,450), which is acting as the first resistance area.
▪️Key Levels to Watch
▫️Resistance Level / Final Target:
$4,700 - $4,850 - Strong resistance area; price has previously rejected from this zone multiple times.
▫️Supply Zone (1st Target Area):
$4,300 - $4,450 - Current zone where price is facing selling pressure. Profit-taking or short entries may occur here.
▫️Support Level for Price:
$4,120 - $4,200 - If price retraces, this level could act as a bounce zone. A break below may lead to further downside.
▪️Demand Zone:
$3,845 - $3,925 - Strong buying interest seen previously. If price returns here, it may present a long opportunity.
▪️RBS (Resistance Becomes Support) Level:
Around $4,230 — A key pivot area where previous resistance turned into support. A retest of this level could provide bullish confirmation.
▪️Consolidation Zone (Previous Price Activity):
Price previously ranged between $4,150 - $4,350. This area may now serve as a decision point for either continuation or reversal.
▪️Potential Scenarios
🔼 Bullish Continuation:
If price holds above the support level and breaks the supply zone, we may see a move toward the Final Resistance Zone ($4,700+).
🔽 Bearish Retracement:
Failure to break the supply zone could lead to a pullback toward $4,230 or even the Demand Zone ($3,900).
▪️Volume Analysis
Volume remains moderate; however, a spike in volume near resistance or support levels will be crucial for confirming breakouts or reversals.
▪️Conclusion:
Ethereum is in a crucial decision zone. A break above the current supply area could open the path toward $4,700+, while failure may result in a retest of the lower support levels.
Traders should watch for confirmations around $4,230 support and $4,450 resistance for next moves.
If this helpful for you, press the like button.
Trade active
Note
Trade closed: target reached
250 pips+ achieved
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💸FREE FOREX Signals in Telegram : t.me/FxInsightsHub0
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.