🚨 ETH/USDT – 4H Technical Outlook 🚨
Ethereum is currently trading around $4,199 after a healthy retracement from the recent highs near $4,388. On the 4H chart, we can clearly see ETH respecting a range structure between $4,150 (support) and $4,380 (resistance).
📊 Key Observations:
Price has recently tested the lower range support zone and is showing early signs of a potential rebound.
A bullish rejection at this support could trigger another leg upward towards the $4,350 – $4,380 resistance zone.
The chart highlights a bounce setup (marked area) suggesting short-term bullish momentum if support holds.
⚠️ What to Watch:
If ETH fails to hold above $4,150, we may see a deeper correction towards $3,950 – $4,000.
A confirmed breakout above $4,380 would open doors toward the $4,600 – $4,800 levels.
📌 Trader’s Takeaway:
ETH is consolidating within a clear range. Short-term traders can look for long opportunities near support with tight risk management, while breakout traders should wait for a strong close above resistance.
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Best of luck 🤞 🍀 🤞