$ETH

Chart for ETH/USDT on the 4-hour timeframe, here’s a quick technical breakdown:

Support Levels:

$1,385 – Strong support level, clearly marked on the chart. Price bounced from here, indicating strong buyer interest.

$1,507 – A minor support zone where price showed consolidation before moving higher.

Resistance Levels:

$1,665 - $1,685 – Strong resistance zone. Price has struggled to break and hold above this area multiple times.

$1,823 – Next significant resistance if the price breaks above $1,685 with volume.

Current Price:

Around $1,583.88

Indicators Summary:

MACD: Bullish crossover, but not very strong — slight momentum buildup.

RSI (6, 14, 24): All under 50, showing weak bullish momentum.

Williams %R: Around -80, indicating the market is in oversold territory, which could suggest a short-term bounce.

Entry Zone (Buy Area):

$1,500 – $1,530: A potential buy zone if price retests this support with bullish confirmation (e.g., hammer candle, volume spike).

Alternatively, a breakout and retest above $1,665 could be an aggressive long setup targeting $1,820+.