$ETH – 4H Chart Update
Price: $3,149.48
24H Move: +1.05%
High/Low: $3,240.35 / $3,104.34
Ethereum just printed a sharp pullback after tagging the $3,240 resistance, but the broader trend remains healthy. The recent upswing came on strong demand and accelerating volume, pushing ETH into a clean breakout structure before cooling off.
Key Highlights
• Strong rally from the $2,895–3,020 demand zone
• Rejection at $3,240, showing sellers defending local highs
• Volume expanded during the push upward, confirming real participation
• Trend remains bullish on the 4H despite this correction
• Pullback looks more like profit-taking than a reversal
Key Levels
• Support: $3,020 / $2,895
• Resistance: $3,240 / $3,268
• Trend: Bullish overall, short-term pullback inside uptrend
Bias & Outlook
Bias stays bullish as long as ETH holds above the $3,020 region. A reclaim of $3,200 would signal bulls stepping back in. Losing $3,020 shifts momentum toward a deeper correction into $2,895.
Trading Idea (Not Financial Advice)
A potential dip-buy setup forms between $3,020–3,050, targeting a retest of $3,240–3,268.
Momentum traders may wait for a breakout above $3,240 with a retest to ride the next leg higher.
