#ETH4500Next?
Here’s my breakdown of the $ETH /USDT 4-hour chart
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Technical Analysis
1. Trend
ETH is in a strong uptrend, rallying from ~$2,100 in mid-June to over $4,300 in August.
Price is above the short- and mid-term moving averages (MA5 and MA10), confirming bullish momentum.
2. MACD
MACD line is slightly below the Signal line (-2.45), indicating short-term consolidation after a strong rally.
The histogram shows weakening momentum — possible short pullback before the next move.
3. RSI (6)
RSI ~71, near overbought zone — suggests that the price may test resistance or experience a minor correction before resuming upward.
4. Support & Resistance
Immediate support: $4,150 – $4,200 zone (recent consolidation area).
Key resistance: $4,330 – $4,440 (recent high).
If $4,440 breaks, the next target could be $4,500 – $4,550.
5. Volume
Slight volume decline during the latest push, hinting at the need for a new catalyst before a big breakout.
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Intraday Trading Signal (Bullish Bias)
Entry point(s):
Aggressive: $4,220 – $4,240 (buy on minor dips).
Conservative: $4,150 – $4,180 (buy near support if retested).
Stop-loss:
Below $4,100 (to protect against a deeper pullback).
Take-profit target(s):
1. $4,330 (first resistance / partial profit).
2. $4,440 (recent top).
3. $4,500 – $4,550 (if breakout above $4,440 confirms).
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Risk Note:
If ETH closes a 4-hour candle below $4,100, momentum could shift bearish, with downside toward $3,980 – $4,000.
