🔍 ETH/USDT Analysis (4H) – Preparing for a Breakthrough?
On the 4-hour chart, Ethereum is forming a clear structure of a 'harmonic triangle' with regular pullbacks from the 0.86 Fibonacci level, indicating high activity from algorithmic traders and market makers.
📊 Technical Picture:
The price is maintained within a channel between 2480–2640 USDT, with a strong support zone around 2480–2490, where rebounds have occurred multiple times.
The global structure indicates a potential upward movement towards a target of ~2840 USDT (the upper boundary of the white channel).
Levels 2384 and 2487 USDT are critical for maintaining the structure. A breakout below them would open the way for a deeper decline.
The asset shows repeating patterns with clear entry and exit points, confirmed by volumes and technical indicators.
📌 Conclusion:
ETH is in a stage of accumulation with the potential for movement to 2800+ provided the lower trend line is held. Buyers are showing strength at key support. In case of a breakout of resistance around 2640 USDT, a rapid increase is possible.
We are monitoring the breakout!