Based on the 4-hour $ETH /USDT chart from Binance, here’s a detailed analysis and next expected move:
📊 Technical Overview:$ETH
Current Price: $3,629.48
24h High / Low: $3,662.00 / $3,546.00
Recent High: $3,941.00
Support Zone: $3,545 – $3,600
Resistance Zone: $3,660 – $3,720
🔍 Chart Pattern Observation:
Downtrend after $3,941: ETH experienced a correction after peaking around $3,941.
Support Held at $3,546: Price bounced from this level, forming a short-term higher low.
Possible Formation: Bullish consolidation / Ascending triangle in play if price holds current levels.
📈 Indicators (Visible): #ETH
Volume: Moderate to strong volume near support, showing buying interest.
MA(5) vs MA(10): MA(5) (Yellow) is trying to cross MA(10) (Purple) upwards — bullish crossover possible.
Momentum: Gaining strength slowly after recent pullback.
🧠 Next Expected Move (Short-Term 4H):
✅ Bullish Scenario:
If ETH holds above $3,600:
Potential move toward $3,700 → $3,770.
Breakout above $3,770 can retest $3,900–$3,941 zone.
⚠️ Bearish Scenario:
If ETH breaks below $3,545 support:
Next support zone lies near $3,325 → $3,300.
Below $3,300, trend can weaken heavily.
🗓️ Summary:
ETH is showing signs of recovery after correction. If it holds above $3,600, a short-term rally toward $3,700+ is likely. Watch for volume and strength near resistance.
