The analysis for ETHUSDT on the 4-hour timeframe indicates significant bearish pressure as the price approaches a well-defined support zone, where a potential bullish reversal reaction from buyers can be anticipated. Scenarios include either a bounce from the support level with subsequent growth towards the upper resistance zone or a breakdown below, which could signal further trend weakening.
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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.