[ETH 4H Analysis] — Tension like a guitar string before the resistance zone of 1850, will there be a false break?
Chart: ETHUSDT - 4H Frame (Binance)
ETH is showing signs of tense accumulation within a slightly upward price channel, as it is continuously rejected at the resistance zone around 1846–1853. The price is closely following the upper Bollinger Bands, but there is no clear breakout force. Volatility is compressed, indicating a potential breakout coming — but in which direction?
Ichimoku: The price remains above the green cloud, with Tenkan & Kijun moving sideways — leaning towards sideways accumulation. The future cloud is quite thick, providing good support around the 1760–1790 zone.
Stochastic RSI (84,18,9): Currently in the overbought zone (~89) and just crossed down — warning of a short-term bearish reversal.
MACD: Slightly crossing down, negative histogram narrowing — momentum is weakening, increasing breakdown risk.
Scenarios to watch for:
• Break above 1853 with strong volume will expand the target to 1872–1900.
• Failure at resistance => possibility of testing the 1790–1810 zone (EMA 34/89 + Ichimoku cloud edge).
• Break below the trendline => warning of a medium-term reversal, target 1760.
Summary:
ETH is in a “waiting to explode” state, traders need to be patient. Avoid FOMO at the 1850 zone. Observing the price reaction in this area will determine the next direction for both ETH and BTC.$ETH #dolugcrypt