ETH: Reaction to leve-price

ahmadarz Updated   
BINANCE:ETHUSDT   Ethereum / TetherUS
Analysis by ahmadArz📊 ETHUSDT

This chart represents the Ethereum to Tether (ETHUSDT) pair on a 4-hour timeframe. The analysis of the chart includes several key price levels and potential price movement patterns.

1. **Key Price Levels:**
- **$3950.23**: A strong resistance level where the price has reacted in the past. 📈
- **$3720.77**: Another resistance level near the current price (3736.24). 📊
- **$3410.90**: A support level to which the price might return. 📉

2. **Potential Patterns:**
- Two curved arrows indicate two possible scenarios:
- **Bullish Scenario**: If the price breaks above the $3720.77 level, it is likely to move towards the $3950.23 level. 🚀
- **Bearish Scenario**: If the price fails to break the $3720.77 level and declines, it might reach the support level of $3410.90. 🔻

3. **Reaction to Price Level:**
- The text on the chart "Waiting for reaction to level-price" suggests that the analyst is waiting for the price to react to the $3720.77 level to decide which direction the price will move. ⏳

4. **Black Arrows:**
- The black arrows on the chart indicate key points where the price has reacted in the past. 📍

In summary, this analysis suggests that if the price can break the $3720.77 resistance level, it will likely move towards the next resistance at $3950.23. However, if it fails to break this level, it might return to the support level at $3410.90. The analyst is waiting for the price reaction at these key points to determine the next direction.
Trade closed: target reached:
Hit 3.950 price
reject on high level 💎
two supported , in level

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