$ETH

I analyzed ETHUSDT on H1 & H4 showing that:

🔎 H1:

- Current price: 4,598 USDT (at the time of this posting)

- After failing to break through 4,950-4,960, it declined for a correction

- MA(25) & MA(7) have crossed down indicating a sign of short-term selling pressure

- Nearest support 4,555-4,520 (low of today).

If it breaks below 4,520, it could drop to 4,450-4,400

For safer scalping, wait for confirmation in the area of 4,550-4,520.

🔎 H4:

- The larger structure is still bullish (from low 3,540 to high 4,957) but is now entering a healthy correction phase.

- Strong support at 4,450-4,400 (MA99 H4 + demand area)

- Nearest resistance at 4,720-4,750

If the price rejects at 4,600 and then breaks 4,550, it could continue to drop to 4,400-4,300.

If it bounces strongly from 4,550-4,600, the rebound target is again 4,720-4,750.

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🎯 Trading Setup

📈 Long Setup (buy the dip)

📍 Entry: 4,550-4,520

🎯 TP 1: 4,700

🎯 TP 2: 4,850

🎯 TP 3: 4,900

⛔ SL: 4,450

📉 Short Setup (continued correction)

📍 Entry: 4,650-4,700 (if rejected)

🎯 TP 1: 4,550

🎯 TP 2: 4,400

🎯 TP 3: 4,300

⛔ SL: 4,750

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⚠️ In essence:

H1 = still bearish correction (short-term).

H4 = overall trend is still bullish, but needs a healthy correction first before continuing up

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