ETH/USDT Technical Update – 4H Chart
Current Price: $1,781.72 (+13.53%)
24H High: $1,788.00
24H Low: $1,567.04
Ethereum is showing strong bullish momentum with a sharp breakout above the key resistance levels.
Support Levels:
$1,690 – Previous resistance, now turned into support.
$1,635 – Aligned with the 25 MA, important as mid-level support.
$1,590 – Strong base and 99 MA level.
$1,537 – Recent swing low and a key support floor.
Resistance Levels:
$1,788 – Immediate resistance (24H high). A breakout above this could target $1,800+.
$1,800+ psychological resistance – Watch for volume confirmation above this zone.
Indicators:
MA(7), MA(25), and MA(99) all trending upward, supporting the bullish trend.
MACD shows strong upward momentum with a bullish crossover.
Volume spike confirms strong buying interest.
Outlook:
If ETH maintains above $1,690 support, the uptrend could continue toward the $1,800–$1,850 range. However, failure to hold $1,690 may trigger a pullback toward $1,635 or lower.
Stay alert for volume confirmation and possible retests at support zones.
read below 👇👇👇👇