ETH/USDT 4-hour chart from Binance and how you could consider a trading decision based on the H40

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Current Price

$2,542.29

Slight upward movement: +0.32%

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Key Levels

Resistance: $2,599.00

Support Zones: $2,463.00 and $2,487.38

Current Range: Between $2,540 and $2,550

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Indicators

1. EMA (Exponential Moving Averages)

EMA(7): $2,552.72

EMA(21): $2,552.40

EMA(50): $2,540.40

Interpretation:

Price is below short-term EMAs, suggesting slight bearish pressure.

However, EMA(50) is acting as immediate support.

2. MACD (Momentum)

DIF: -2.03

DEA: -4.32

MACD Histogram: Positive (2.28)

Interpretation:

The MACD is recovering from a bearish trend, showing early bullish crossover potential, but not yet strong.

3. RSI (Relative Strength Index)

RSI(6): 44.53

RSI(40): 52.21

RSI(60): 53.92

Interpretation:

Neutral to slightly bullish. RSI is not overbought or oversold, which suggests price could move in either direction.

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Potential Strategy

Bullish Scenario

If price breaks and holds above $2,552–$2,559 zone with volume, consider:

Long position

Target: $2,599 and $2,616

Stop-loss: Below $2,518 (recent support)

Bearish Scenario

If price fails to hold above EMA(50) and breaks down:

Short position

Target: $2,487, possibly down to $2,463

Stop-loss: Above $2,559

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Profit Tips

1. Use tight stop-loss since market is in consolidation.

2. Wait for breakout confirmation from the $2,552–$2,559 range.

3. Watch MACD crossover and RSI momentum to confirm strength.

Would you like a live signal alert or help setting up a strategy with your risk level?