Update For ETH/USDT Analysis 📈📉
Updated
as we see in the 4-hour timeframe for ethusdt since it reached lowest price 2170 it has been successful to rise again by more than 40% correction after its recent downfall , although its 20EMA has been crossing above 50EMA & 100ema , also the EMA50 and EMA100 had a cross recently so the situation shows strong bullish scenario today . so for the 1st steps ETH needs to break out the pivot rang box that acts like a resistance right now and stabilize on it for while to continue its uptrend . then it can rise to red resistance box for next step .
but otherwise in view point of price action, if it not be able to break up pivot . it maybe return back to green support rang box again.
it may grow to a higher volume ranges if maintain this range box , but if it loses its current level, it can fall to the support level again.
🛑resistance level: $4000 -$4135
🆚pivot zone: $3100-3232$
❇️support levels: $2433 - $2550 & EMAs (20EMA yellow-50EMA light blue-100EMA purple -200EMA dark blue)
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
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