📈🚨UPDATE MARKET $ETH
Timeframe: 4J (4H)
🔎 Analysis ETH/USDT - Timeframe 4 Hours (4j)
1️⃣ Trend:
EMA(13): $2.774 → Price above EMA(13), EMA(50), EMA(100), EMA(200) → Strong uptrend
Price structure: Just broke out from consolidation → Upward momentum still valid.
2️⃣ Support & Resistance (4j):
Strong resistance: $2.835 → Already tested once
Nearest support:
$2.710 – $2.750 → EMA(13) & EMA(50) area → Potential buy area
Major support: $2.600 – $2.650
3️⃣ RSI Indicator (4j):
RSI(6): Around 70+ → Overbought → Potential small pullback before continuing upward.
Meaning: Don't chase prices too high, it's better to wait for a correction.
4️⃣ MACD (4j):
Bullish crossover has occurred.
Positive histogram, still room to rise.
✅ Trading Strategy (4j):
Option 1: Buy on continued Breakout
Entry: If the price breaks through and closes above $2.835
Target: $2.900 – $3.000
Stop Loss: Below $2.750
Option 2: Buy on Pullback
Ideal entry: $2.710 – $2.750 (EMA support area)
Target: $2.835 → $2.900
Stop Loss: Below $2.680 (reversal confirmation if broken)
⚠️ Risk Scenario:
If it fails to break $2.835, ETH may return to the consolidation area of $2.600 – $2.750.
Bearish confirmation: If breakdown of EMA(50) → Correction target could be $2.600.
🎯 Conclusion 4j:
Main trend: Bullish (still dominating).
Best entry: Buy on dip around $2.710 – $2.750 OR Buy on breakout > $2.835
Short-term target: $2.900 – $3.000
