📢 Technical Analysis of Currency $ETH – 4-Hour Frame
🔸 The price is trading at $4555 after rebounding from near the support at $4510
🔸 The price action is maintaining the upward trend above the 50 average
🔸 The RSI indicator is at 57 supporting the continuation of the rise if the momentum is maintained
🔸 The green Ichimoku cloud is acting as the current support area
📌 Trade Type: Spot / Spot
🎯 Positive Scenario:
– In case of breaking the resistance at $4600
– Targets: $4680 – $4790 – $4900
❌ Negative Scenario:
– Breaking the support at $4510 and closing below it
– Targets: $4375 – $4250
📌 Note: It is best to wait for a candle close to confirm the direction before entering
⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice.
