$ETH USDT
Trend Direction: The 4-hour chart shows a clear short-term uptrend over the past couple of days. Price has
been making higher highs and higher lows, climbing from the mid‑$3500s toward the high $3700s. The
most recent candles show a small pullback after a strong rise, but the overall bias remains bullish on this
timeframe. $ETH USDT
Support and Resistance Levels: The chart highlights a key support line drawn at $3744 (purple line). Price
recently tested this level and bounced, suggesting it is a meaningful floor. Another nearby support is
around the $3700 area (previous consolidation zone). On the upside, recent swing highs around $3780–
$3800 act as immediate resistance. Above that, the psychological round number $3800 and the chart high $ETH USDT
near $3790 are targets. If price breaks above $3800, the next resistance could be in the $3900 area (the top
of the visible chart).
Support: ~$3744 (marked on chart), then ~$3700.
Resistance: ~$3780–$3800 (recent highs), then $3800+.
Candlestick Patterns: After the bullish run, there is a notable bearish reversal pattern. A large red (bearish)
candle follows a strong green advance, which looks like a bearish engulfing formation: the big red candle
body eclipses the prior green candle. This suggests heavy selling at the highs. Immediately after, the current
candle is a small green (or doji-like) candle with a relatively short body, indicating indecision and possible
pause in momentum. These patterns together imply that the prior uptrend may be slowing, but the
hammer-like small green candle near support hints at a potential reversal back up.
Volume Analysis: The volume bars (at the bottom) show high green volume on the big up-candles,
confirming strong buying during the rally. The largest volume bar is green under the biggest rally candle#BinanceHODLerERA
around July 21, indicating heavy demand pushing price higher. In contrast, the large red reversal candle
came with comparatively moderate red volume, not exceeding the prior green volume peaks. This
suggests selling pressure was present but not as strong as the buying was in the prior move. The most
recent small candle has lower volume (light green bar), indicating a tentative pause. Overall, rising volume
on advances and lower volume on the pullback supports the bullish bias (volume confirmed the uptrend).
Outlook: In the near term, price is testing the $3744 support. If this level holds, we could see a
bounce and a retest of the recent highs near $3780–$3800. A break above $3780-$3800 would imply
continuation of the rally. Conversely, if price breaks below the $3744 support on the 4H chart, this could
open a deeper pullback toward the next support zone around $3700 or lower (the chart’s prior congestion).#ETHBreaks3700
Watch how price reacts around current support: a decisive turn-up suggests bullish continuation, while a
break below signals bearish risk.
Potential Buy/Sell Signals: Currently, a potential buy signal could come from a bullish bounce off the
$3744 support line – for example, if a strong green candle forms on higher volume after testing support, it#BTCvsETH
would indicate renewed buying. Conversely, a sell signal might trigger if price decisively closes below
$3744 with increased volume, signaling that the support has failed. Traders might also watch for a break