🔎 ETHUSDT analysis (4H, Binance)
The asset is trading within an upward channel, demonstrating a clear structure of higher lows and higher highs. Below are key observations:
🔹 Current situation:
Price: ~2794 USDT
Within the local channel between ~2450 and ~2940.
Recently retreated from the upper boundary of the channel and is correcting.
Local downtrend (purple line) forms a potential bullish flag pattern, indicating possible continuation of growth.
🛠️ Technical indicators:
MA 7 / 25 / 99: All moving averages below the price — bullish signal.
Ichimoku: Price above the cloud, support at ~2675.
Bollinger Bands: The range is narrowing — momentum is expected.
SAR: Below the price — bullish signal remains.
📉 Supports:
2675 – Ichimoku cloud level.
2622 – lower boundary of BB.
2450 – limit entry zone (marked on the chart).
📈 Resistances:
2940 – upper channel.
3300 – growth potential (TP by flag pattern).
📌 Scenario:
Bullish: Holding the zone ~2600–2675 and breaking the purple trendline will give a chance for continuation of growth into the zone 2940 and above (TP: 3300).
Bearish: Breaking down 2600 will open the path for a retest of 2450 and the lower boundary of the channel.
🟢 Conclusion:
ETH maintains an upward structure. The nearest movement will depend on the reaction to support at 2675–2600. Growth potential remains up to 3300 while holding the channel.