$ETH Here’s a summary of the ETH/USDT 4H chart analysis:
Market Overview:
Trend: Bullish short-term reversal.
Current Price: $1793.76
Key Levels:
Support: $1650–1690
Resistance: $1795 (now), $1957 (target)
Indicators & Signals:
SMC/ICT: Liquidity sweep at $1385 followed by a bullish structure break — suggests strong smart money entry.
EMAs: Price is above all EMAs (9, 20, 50, 100, 200) — strong bullish confirmation.
RSI: Overbought at 84.3 — short-term pullback likely.
MACD: Bullish momentum with expanding histogram.
Volume: High volume confirmed the breakout — institutional activity likely.
Strategy Summary:
Entry Idea: Wait for pullback to $1650–1690 (EMA zone/FVG) for long entry.
Stop Loss: Below $1640
Targets: $1850 (TP1), $1957 (TP2)