Ethereum (ETH/USDT) Trading Signal – 4H Analysis
Market Overview:
Ethereum (ETH/USDT) is currently experiencing price consolidation after a strong rally and subsequent retracement. The 4-hour chart on Binance indicates potential trading opportunities as ETH hovers around key technical levels.
Trade Setup:
🔹 Pair: ETH/USDT
🔹 Timeframe: 4H
🔹 Current Price: $1,981.09 (-3.64%)
🔹 Trend: Short-term consolidation after a breakout
Key Levels:
✅ Resistance:
$2,056 – Recent high, major breakout level
$2,000 – Psychological resistance
✅ Support:
$1,961 – Short-term MA support
$1,927 – Long-term MA support
$1,872 – Major support zone
Indicators & Signals:
📊 Moving Averages (MA):
Short-term MA (Orange): $1,961 (acting as immediate support)
Long-term MA (Green): $1,927 (major trend support)
MA Cross: Bullish crossover recently occurred, but price is testing support
📉 Momentum:
Strong bullish push, but a pullback signals profit-taking
Price hovering near moving averages, suggesting a potential bounce or breakdown
Trading Strategy:
🚀 Bullish Scenario (Long Entry):
Buy if ETH reclaims $2,000 with strong volume
Target: $2,056 - $2,100
Stop Loss: $1,961
🔻 Bearish Scenario (Short Entry):
Sell if ETH breaks below $1,961 with confirmation
Target: $1,927 - $1,872
Stop Loss: $2,000
Final Outlook:
Ethereum is at a critical point, consolidating after a strong uptrend. Traders should wait for confirmation before entering positions. A break above $2,000 could fuel another rally, while failure to hold $1,961 could lead to further downside.
📢 Trade with caution and use proper risk management!
What’s your outlook on ETH? Let’s discuss below!
