Ethereum 4H
Updated
ETHUSDTETHUSDThere are two scenarios in Ethereum, based on Bitcoin and market trends :
We should expect a price pullback towards the pitchfork's midline if the price can be supported in the 4-hour time frame above the red rectangle.
- Above the red rectangle, at the level of 1725.91, is the best entry point for the long position.
- The best stop-loss level for a long position is below 1618.
The anticipation of a lower price will rise if the price cannot be supported above the red rectangle.
- Up to the level of 1725.91, the ideal spot for the short position is in the red rectangle.
- The best stop-loss level for a short position is above 1773.02
It should be remembered that a long position carries a higher risk.
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CrazyS.
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