🚨 $ETH /USDT Support & Resistance Analysis Update! 📊🔥
Dear crypto traders and Ethereum fans, buckle up! Let's break down the latest 4-hour chart action for $ETH. 🧠💥
📍 Current Price: $2,556.06 (+1.24%)
📈 24h High/Low: $2,569 / $2,485
🔁 Trend: Recovering from a recent low at $2,453.34
🔹 Key Support Levels:
$2,485: Recent local low. This level acted as a strong base during the recent dip.
$2,453: A crucial floor – multiple bounces show strong buying interest here.
These zones indicate where bulls have consistently stepped in to defend price.
🔸 Key Resistance Levels:
$2,579 (MA99): Currently testing this moving average. A breakout could indicate short-term bullish strength.
$2,596 - $2,648: Minor resistance zone from earlier consolidation.
$2,680: Previous swing high. Breaking above this will signal a return to bullish dominance.
🧠 Indicators Say:
MACD is flipping bullish (MACD line crossing above signal).
MA Crossovers: Price just reclaimed MA(25) and is approaching MA(99).
Volume is slowly picking up — a potential sign of stronger moves incoming.
📢 Conclusion:
ETH is showing signs of a rebound from the $2,450 region. If bulls can maintain momentum and break $2,580+, we might be looking at a move towards $2,680 and beyond. 🚀
📊 Watch closely — a breakout or rejection near resistance could define the next major move!
