analysis 📊Ethereum ETH-->>USDT 4 Hour Chart Analysis🚀

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This analysis is prepared on the 4-hour timeframe for Ethereum (ETH/USDT). For even more precise and dynamic setups, consider unlocking premium access to receive exclusive analyses on lower timeframes!

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1. Market Structure & Trend

• Price Action: Ethereum is currently trading at $2,761.01, having recently broken above a key resistance zone around $2,600–$2,700

• Trend: The trend has shifted bullishly after a prolonged consolidation and accumulation phase. The market has shown a strong upward impulse, followed by a successful retest of previous resistance as support

• Support & Resistance: Multiple horizontal support and resistance zones are marked. The price is currently hovering just above a significant support cluster, with the next major resistance visible near $3,000–$3,200

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2. Key Levels

Level Type	Price Range (approx.)
Major Resistance	3,000 – 3,200
Immediate Resistance	2,800
Major Support	2,400 – 2,600
Intermediate Support	2,200 – 2,400
Strong Support	1,800 – 2,000

 

• Current Price: $2,761.01

• Immediate Support: $2,700, then $2,600

• Immediate Resistance: $2,800, then $3,000

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3. Chart Patterns & Formations

• Breakout Confirmation: There is a clear breakout above the $2,600–$2,700 resistance, now acting as support. This is a classic bullish continuation signal

• Bullish Projection: The blue and green lines indicate a projected upward move, with price expected to target the $3,000–$3,200 zone in the coming sessions

• Accumulation Zone: The green bands highlight areas where strong buying interest previously emerged, especially between $2,200 and $2,600

• Higher Lows: The chart shows a series of higher lows, confirming bullish momentum.

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4. Trading Sentiment & Strategy

• Sentiment: Bullish in the short-to-medium term, with momentum favoring further upside as long as price holds above $2,600

• Best Play Right Now:

  • Long Position: Enter on a retest of the $2,700–$2,750 support zone, with a target at $2,950–$3,200.

  • Stop-Loss: Place a stop-loss below $2,600 to manage risk.

  • Take Profits: Consider taking partial profits at $2,950 and final profits at $3,200.

• Alternative Play: If price loses $2,600 support, watch for a potential short setup targeting $2,400, but the primary bias remains bullish above $2,600.

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5. Risk Management

• Stop-Loss: Suggested below $2,600 for longs to protect against a failed breakout.

• Take Profit: Scale out at $2,950 and $3,200 to lock in gains as price approaches resistance.

• Position Sizing: Adjust your trade size according to your risk tolerance and account size.

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6. Additional Observations

• Volatility: Recent price action shows strong momentum and volatility, especially after the breakout, indicating increased trader participation.

• Liquidity Zones: The green highlighted areas are likely to act as strong support on any pullbacks.

• Potential for Pullbacks: Watch for short-term retracements to $2,700–$2,750 as potential entry opportunities for longs.

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This analysis is conducted on the 4-hour timeframe. For more detailed and responsive trading signals, unlock premium access to receive exclusive insights on lower timeframes!

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Disclaimer:
This is not investment advice. Every trading decision should be made independently and based on your own research and risk assessment.