📊 ETH/USDT Technical Analysis (4H Timeframe)

🔹 Market Overview

Current Price: $1,880.01 (-1.62%)

24h High: $1,923.09

24h Low: $1,821.81

📈 Key Support & Resistance Levels

Major Resistance: $2,099

Current Resistance: $1,974

Current Price: $1,880

Major Support: $1,754

🔹 Market Structure Analysis

Bearish Trend: ETH has been in a strong downtrend after rejecting from $2,319 and breaking the support at $2,099.

Sideways Consolidation: The price is currently ranging between $1,754 and $1,974, indicating a potential accumulation phase.

🔮 Possible Scenarios

✅ Bullish Scenario (Break Above $1,974 Resistance)

If ETH breaks above $1,974, we could see a push towards $2,099.

A strong breakout above $2,099 would confirm a bullish reversal, with targets at $2,223 and $2,348.

❌ Bearish Scenario (Break Below $1,754 Support)

If ETH breaks below $1,754, a further drop towards $1,700 or lower could be expected.

If Bitcoin also drops, ETH could test $1,650 – $1,600 support levels.

📌 Trading Strategy

📈 Bullish Trade (If ETH Breaks $1,974)

Entry: Above $1,974

Target: $2,099 → $2,223

Stop Loss: Below $1,850

📉 Bearish Trade (If ETH Drops Below $1,850)

Entry: Below $1,850

Target: $1,754 → $1,700

Stop Loss: Above $1,925

⚠ Key Takeaways

🔹 ETH is in a consolidation zone between $1,754 and $1,974.

🔹 A break above $1,974 could push price towards $2,099.

🔹 A break below $1,754 might lead to a downtrend, targeting $1,700 – $1,650.

🔹 Watch BTC movement closely, as ETH often follows BTC's direction.

Trade carefully and always use stop-loss to manage risks! 🚀📉

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