Ethereum ($ETH ETH) is currently trading around $2,439.58, showing signs of recovery after a recent correction. On the 4-hour timeframe, broader market trends and key resistance/support levels become more significant for swing traders and mid-term investors.
📊 Current Market Position:
• Current Price: $2,439.58
• 24H High: $2,559.55
• 24H Low: $2,367.36
• SuperTrend: Still bearish but flattening—early signs of momentum shift
• Volume: Stabilizing after high volatility
📈 4H Strategy Breakdown:
✅ BUY Above:
📌 $2,428 – A strong support zone, now tested and holding. Confirmation above this level signals momentum building.
This level aligns with trend recovery after the previous low near $2,367.
📌 Target Levels:
• First Resistance: $2,447.62
• Mid Resistance: $2,527.87
• Swing Target: $2,603.48 (R2 Resistance + SuperTrend reversal zone)
This swing target offers an excellent reward-to-risk setup for bullish traders.
📉 SELL ZONE:
📌 $2,603.48 and Above – Consider profit booking or short setups near this zone if price stalls or volume diverges.
📌 4H Chart Takeaway for Binance Traders:
This longer timeframe gives a better view of ETH recovery zones and helps identify a low-risk long entry near $2,428, with a high reward target near $2,603. The Crypto Analyst @Jainjosevalooran Reported the latest update for the next 3days
Perfect for swing traders, trend followers, or options traders looking to play the 4H trend bounce.