Based on the 4-hour $ETH /USDT chart

🔍 Technical Analysis Overview

Trend:

ETH recently peaked at $2,879.22 but is now pulling back, trading at $2,751.49.

Short-term EMA(7) > EMA(25) > EMA(99), indicating a bullish structure despite the current pullback.

Volume is slightly decreasing during the pullback, suggesting the down move may be corrective.

Indicators:

MACD: Slight bearish crossover (MACD -1.57), signaling short-term weakness.

RSI (6): At 46.83, neutral and heading downward — no clear overbought/oversold conditions.

Support Zone: Around $2,700–2,720 based on recent consolidation.

Resistance Zone: Recent high at $2,879, minor resistance around $2,830.

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🛒 Intraday Trading Signal (Long Bias)

Bias: Wait for bounce confirmation near support → Long position.

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✅ Entry Point:

Primary Entry: $2,730 – $2,740

(Close to the EMA(25) support level and the previous minor consolidation zone)

❌ Stop-Loss:

Below $2,700

(Break below this level could invalidate the short-term bullish setup; place stop around $2,695)

🎯 Take-Profit Target(s):

Target 1: $2,800

(Initial resistance and round number psychology level)

Target 2: $2,840–$2,860

(Near recent highs and strong resistance area)

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⚠️ Notes:

Avoid entry if ETH breaks and closes below $2,700 on volume.

Ideal scenario: Bounce from the $2,730–$2,740 zone with increased volume and bullish candles.

Watch MACD closely for a bullish crossover, which would confirm strength.