$ETH Ethereum (ETH) is currently trading at **\$4,291.38**, showing slight recovery after testing support near **\$4,204**. On the 4H chart, ETH previously formed a peak at **\$4,788** before correcting downwards. Now, the price is consolidating around the moving averages (MA7, MA25, MA99), signaling a potential breakout.
### 🔑 Key Technical Levels:
* **Immediate Resistance:** \$4,333 – \$4,544
* **Major Resistance:** \$4,788 (recent high)
* **Support Zone:** \$4,200 – \$4,050
* **Stronger Support:** \$3,913
### 📊 Market Outlook:
* The **MA7 (4,266)** is crossing above MA25 (4,254), indicating early bullish momentum.
* **Volume** shows reduced selling pressure, which could allow buyers to regain control.
* If ETH holds above **\$4,200**, a bullish push towards **\$4,500 – \$4,700** is possible.
* A breakdown below **\$4,200** may drag ETH back to **\$3,913 – \$3,598**.
$ETH ### 🎯 Entry & Exit Strategy:
* **Entry Zone (Long):** \$4,220 – \$4,280 (on retest and bounce confirmation)
* **Exit Targets:** \$4,500 / \$4,700 (short-term)
* **Stop Loss:** Below \$4,150 to manage risk
* **Scalp Traders:** Can enter near \$4,250 with tight SL and aim for \$4,330–\$4,400
### ✅ Conclusion:
ETH is showing signs of recovery but still needs to break above **\$4,333 resistance** for confirmation of a bullish continuation. Holding above \$4,200 is critical for upward momentum. Traders should watch volume and moving averages closely for the next move.
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