Here is the technical analysis and intraday trading signal for ETH/USDT based on the 4-hour chart:
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🔍 Technical Analysis
Trend:
The overall trend is bullish, with ETH making higher highs and higher lows. Recent price action has shown some sideways consolidation after hitting the $3,860 resistance, suggesting a possible breakout or pullback.
Indicators Overview:
Parabolic SAR: Dots are currently below the price, indicating a bullish bias.
MACD: Bearish crossover; MACD = -2.61, showing a slight bearish divergence, but it's flattening — potential for reversal.
RSI (6): At 58.96, still below overbought but strong — suggesting moderate bullish momentum.
Volume: Declining after the recent peak, suggesting reduced buying pressure during consolidation.
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📈 Intraday Trading Signal (Bullish Bias)
Entry Point(s):
✅ Buy between $3,700 – $3,720 on confirmation of a breakout above $3,730 with volume.
Stop-Loss Placement:
❌ Place stop-loss at $3,630, just below the previous minor support zone.
Take-Profit Targets:
🎯 TP1: $3,800 — psychological and structural resistance.
🎯 TP2: $3,860 — recent swing high.
🎯 TP3: $3,940 – $3,950 — potential breakout extension target.
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🔄 Alternative Bearish Scenario:
If ETH fails to break $3,730 and closes below $3,660 on high volume:
Consider shorting with a target of $3,580 – $3,600
Stop-loss above $3,730
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⚠️ Notes:
Watch for MACD crossover and volume spike for confirmation.
ETH is in a consolidation phase after a strong rally — breakout trading strategy preferred.
---
🔍 Technical Analysis
Trend:
The overall trend is bullish, with ETH making higher highs and higher lows. Recent price action has shown some sideways consolidation after hitting the $3,860 resistance, suggesting a possible breakout or pullback.
Indicators Overview:
Parabolic SAR: Dots are currently below the price, indicating a bullish bias.
MACD: Bearish crossover; MACD = -2.61, showing a slight bearish divergence, but it's flattening — potential for reversal.
RSI (6): At 58.96, still below overbought but strong — suggesting moderate bullish momentum.
Volume: Declining after the recent peak, suggesting reduced buying pressure during consolidation.
---
📈 Intraday Trading Signal (Bullish Bias)
Entry Point(s):
✅ Buy between $3,700 – $3,720 on confirmation of a breakout above $3,730 with volume.
Stop-Loss Placement:
❌ Place stop-loss at $3,630, just below the previous minor support zone.
Take-Profit Targets:
🎯 TP1: $3,800 — psychological and structural resistance.
🎯 TP2: $3,860 — recent swing high.
🎯 TP3: $3,940 – $3,950 — potential breakout extension target.
---
🔄 Alternative Bearish Scenario:
If ETH fails to break $3,730 and closes below $3,660 on high volume:
Consider shorting with a target of $3,580 – $3,600
Stop-loss above $3,730
---
⚠️ Notes:
Watch for MACD crossover and volume spike for confirmation.
ETH is in a consolidation phase after a strong rally — breakout trading strategy preferred.
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ETH
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