📢 Technical Analysis for Currency $ETH – 4-Hour Frame
💰 The current price is at $4,650 and is moving above an upward trend line with strong support from the 50 and 200 moving averages below the price, reinforcing the positive trend.
🔹 Support Levels: $4,500 – $4,420 – $4,350
🔹 Resistance Levels: $4,700 – $4,850 – $5,000
Potential Scenarios:
✅ In case of a breakout:
Closing a 4-hour candle above $4,700 →
🎯 Targets: $4,850 – $4,930 – $5,200
❌ In case of a breakdown and drop:
🎯 Targets: $4,500 – $4,420 – $4,350
📌 Note: It is preferable to wait for a candle close for confirmation.
⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice.
