$ETH /USDT (4H) Trading Strategy & Analysis
Short-term trend: ETH/USDT is moving sideways within a range after an upward move.
Medium-term trend: The 50 EMA (2212.85 USDT) and 200 EMA (2234.60 USDT) indicate that ETH is still in a long-term downtrend, with the price trading below these levels.
Support & Resistance
Resistance levels:
2109 USDT (recent swing high)
2217 USDT (strong resistance level)
Support levels:
1991 USDT (SuperTrend support)
1971 USDT (Lower Bollinger Band)
1752 USDT (Long-term support)
Candlestick Patterns
There is no strong bullish reversal pattern, but ETH is consolidating near support.
If a bullish engulfing pattern forms, a breakout above 2109 USDT could occur.
Volume Analysis
Volume is decreasing, indicating indecision in the market.
If volume picks up near support, a bounce is likely.
Oscillator Indicators
RSI (46.72): Neutral; no overbought or oversold conditions.
Stochastic RSI (24.46, 33.60): Near oversold territory, suggesting a potential short-term bounce.
MACD (-2.20, 20.85, 23.05): Bearish crossover, suggesting weakness.
Chart Patterns
ETH is forming a range-bound consolidation, signaling a potential breakout or breakdown.
If price breaks below 1990 USDT, further downside is likely.
BTC movement: If Bitcoin drops significantly, ETH will likely follow.
Trading Strategy
📉 Short Setup (Bearish Scenario)
Entry: Break below 1990 USDT with confirmation.
Stop-Loss: 2050 USDT (above recent resistance).
Take-Profit Targets:
TP1: 1900 USDT (previous swing low)
TP2: 1750 USDT (long-term support)
Risk-Reward Ratio: 1:2 or higher
📌 Confirmation Required: High selling volume near 1990 USDT, bearish MACD confirmation.
📈 Long Setup (Bullish Scenario)
Entry: Break and hold above 2109 USDT.
Stop-Loss: 2050 USDT (below recent support).
Take-Profit Targets:
TP1: 2217 USDT (major resistance)
TP2: 2304 USDT (next resistance)
Expected Dump?
Yes, if ETH breaks below 1990 USDT, it could see a quick dump to 1900–1750 USDT.
Disclaimer: This is for informational purposes only, not financial advice. DYOR 🚀📊
