Ethereum (ETH/USDT) – 4H Technical Analysis
Support Zone & Reversal Potential
Price has tested a strong daily support level around $1,526, marked by a high-volume reaction zone. A reversal is anticipated from this area as buyers step in.
Short-Term Outlook
The market shows early bullish signs, with a potential move toward the 1st target level at $1,624. Sustained momentum above this level may confirm a short-term trend reversal.
Key Resistance Levels
Upside continuation faces resistance at $1,766, followed by a stronger zone near $2,015. The 200 EMA also poses dynamic resistance, reinforcing these barriers.
Conclusion
As long as the price holds above the support zone, a bullish recovery toward the target levels remains likely. A breakdown below support would invalidate this outlook.
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Support Zone & Reversal Potential
Price has tested a strong daily support level around $1,526, marked by a high-volume reaction zone. A reversal is anticipated from this area as buyers step in.
Short-Term Outlook
The market shows early bullish signs, with a potential move toward the 1st target level at $1,624. Sustained momentum above this level may confirm a short-term trend reversal.
Key Resistance Levels
Upside continuation faces resistance at $1,766, followed by a stronger zone near $2,015. The 200 EMA also poses dynamic resistance, reinforcing these barriers.
Conclusion
As long as the price holds above the support zone, a bullish recovery toward the target levels remains likely. A breakdown below support would invalidate this outlook.
If you enjoy, press the like button.
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Related publications
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.