#ETHBreaks4000

Based on the 4-hour $ETH /USDT

---

Technical Analysis

1. Trend:

ETH is in a strong uptrend, breaking above recent resistance around $4,000 and testing $4,071.

The breakout is supported by rising volume, indicating strong buying interest.

2. MACD:

MACD is above the signal line and expanding positively (28.01), signaling bullish momentum.

No sign of bearish divergence yet.

3. RSI (6):

Currently at 85.90, indicating overbought conditions.

This suggests a possible short-term pullback or consolidation before another leg up.

4. Support & Resistance Levels:

Immediate Support: $3,950 – $3,920 (previous breakout zone).

Major Support: $3,850 (24h low and prior consolidation zone).

Resistance: $4,071 (intraday high) and $4,168 (next upside target).

---

Intraday Trading Signal (Bullish Bias)

Entry Point:

Aggressive: $4,030 – $4,050 (current breakout zone, ride momentum).

Conservative: $3,950 – $3,970 (wait for a pullback to support).

Stop-Loss:

Below $3,900 (invalidates breakout structure).

Take-Profit Targets:

1. TP1: $4,120 (next psychological level).

2. TP2: $4,168 (next resistance zone).

3. TP3: $4,250 (extension target if momentum remains strong).

---

📌 Notes:

Since RSI is overbought, entering aggressively now carries higher risk—best to either scale in with smaller position size or wait for a small dip.

If price sustains above $4,000 for several 4h candles, it will likely continue upward.

Keep an eye on BTC’s movement, as ETH often follows its trend.