analysis 📊Ethereum (ETH/USDT) 4-Hour Chart Analysis🚀

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1. General Trend Overview

• Recent Price Action:
  ETH has experienced a significant rally from the sub-$2,000 region, followed by a sharp retracement from the $2,700–$2,800 resistance zone. The price is currently consolidating around $2,400.

• Trend:

  • Medium-term: Bullish recovery after a prolonged downtrend.

  • Short-term: Correction/sideways movement after a strong upward impulse.

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2. Key Levels & Zones

• Support Zones:

  • $2,200–$2,350: Minor support, visible as previous consolidation and reaction area.

  • $1,800–$2,000: Strong demand zone (highlighted in green), where price previously found significant buying interest.

• Resistance Zones:

  • $2,600–$2,800: Strong resistance, price was rejected here after the latest rally.

  • $2,400–$2,450: Current zone of interest, acting as a pivot area.

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3. Volume Profile & Market Structure

• Volume Node:

  • High volume around $1,800–$2,000, indicating strong historical trading activity and likely buyer interest.

• Market Structure:

  • Higher lows indicate buyers are stepping in, but the inability to break above $2,700 suggests sellers are still active at higher levels.

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4. Potential Trade Setups

A. Long (Buy) Scenario

• Entry:

  • Aggressive: $2,350–$2,400 (current area, look for bullish confirmation)

  • Conservative: $2,200–$2,250 (if price pulls back to stronger support)

• Stop Loss:

  • Below $2,150 (to avoid being stopped out by minor wicks)

• Take Profit:

  • TP1: $2,600 (first resistance)

  • TP2: $2,750–$2,800 (major resistance)

• Risk/Reward:

  • Favorable if entering near support and targeting recent highs.

B. Short (Sell) Scenario

• Entry:

  • $2,600–$2,700 (if price retests resistance and shows rejection)

• Stop Loss:

  • Above $2,800 (clear invalidation of the short setup)

• Take Profit:

  • TP1: $2,350

  • TP2: $2,200

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5. Sentiment & Strategy

• Current Sentiment:

  • Neutral-to-bullish in the medium term, as the market is consolidating after a strong move up.

  • Short-term caution: The recent rejection from resistance suggests some sellers are still in control.

• What I Would Do:

  • Wait for a clear reaction at $2,350–$2,400. If buyers step in, consider a long with tight risk management.

  • Alternatively, wait for a deeper pullback to $2,200–$2,250 for a safer long entry.

  • Avoid chasing longs near resistance ($2,600+).

  • Consider shorts only if price fails to reclaim $2,600 and shows strong bearish signals.

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6. Trends & Observations

• Uptrend: Forming higher lows, but needs a break above $2,700 for confirmation.

• Volume: High volume at lower levels ($1,800–$2,000) provides strong support.

• Volatility: Expect increased volatility around key levels.

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7. Disclaimer

This is not investment advice! Always do your own research and analysis before entering any position. Markets are risky and past performance does not guarantee future results.

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