Chart: ETHUSDT - 4H Frame (Binance)
ETH is showing signs of tense accumulation in a slightly upward price channel, continuously being rejected at the resistance area around 1846–1853. Price is closely adhering to the upper Bollinger Bands, but there is no clear breakout force. Volatility is compressed, a sign of an upcoming breakout — but in which direction?
Ichimoku: Price is still above the green cloud, Tenkan & Kijun are horizontal — leaning towards a sideways accumulation. The future cloud is quite thick, providing good support around the 1760–1790 range.
Stochastic RSI (84,18,9): Currently in the overbought area (~89) and has just crossed down — warning of a short-term reversal.
MACD: Slightly cutting down, negative histogram is narrowing — momentum is weakening, increasing breakdown risk.
Scenario to pay attention to:
• A breakout above 1853 with strong volume will expand the target to 1872–1900.
• Failure at resistance => possibility of testing the 1790–1810 area (EMA 34/89 + Ichimoku cloud edge).
• A breakdown below the trendline => warning of a medium-term reversal, target 1760.
Summary:
ETH is in a 'waiting for a breakout' state, traders need to be patient. Do not FOMO at the 1850 range. Observing price reactions in this area will determine the next direction for both ETH and BTC.