$ETH /USDT Analysis (4H)

🔍 Chart Summary:

Price: $3,680.61

24h Change: +5.60%

24h High / Low: 3,718.54 / 3,482.63

Indicators Used: EMA(9), EMA(21), EMA(99), MA(5/10), RSI(6), MACD

📊 Technical Indicators:

1. EMA Analysis:

EMA(9): 3,572.23

EMA(21): 3,568.00

EMA(99): 3,570.90

✔ Price is above all EMAs, indicating a strong short-term bullish momentum.

2. MACD:

MACD Line (Green bars) is crossing above Signal Line, moving from negative to positive. ✔ Clear bullish crossover confirmed.

3. RSI (6):

RSI = 85.14

⚠ Overbought condition. Some correction or consolidation may occur soon.

4. Volume:

Increasing volume supports the upward move (bullish confirmation).

📌 Support & Resistance:

Immediate Support: 3,568 (EMA21/99 zone)

Immediate Resistance: 3,718 (Recent High)

Next Major Resistance: ~3,795 – 3,913

Key Support (Breakdown): 3,561.82 → then 3,444.75

🧾 Trade Setup for ETH/USDT:

🟢 Bullish Scenario (Continuation):

Entry: On pullback to 3,600 – 3,620 zone

SL: Below 3,560

TP1: 3,718

TP2: 3,795

TP3: 3,913

🔴 Bearish Scenario (Reversal):

If price loses 3,560 support decisively:

Short Entry: Below 3,550

SL: Above 3,580

TP1: 3,445

TP2: 3,355

⚠ Caution:

RSI suggests overbought conditions; high risk of a short-term pullback or consolidation.