ETH/USD 4H Chart Analysis (as of $3,882)
Current Situation:
Price: $ETH 3,882 (bullish momentum)
Timeframe: 4-hour
Key Zones Marked:
Support Zone 1: ~$3,580 - $3,620
Support Zone 2: ~$3,700 - $3,740
Price Action:
ETH has broken out above recent consolidation and resistance near $3,740.
The breakout is backed by strong bullish candles, suggesting momentum.
Retest of the breakout zone (~$3,740) may occur before continuation.
Short-Term Outlook:
Bullish Scenario (Higher Probability):
Continuation toward $3,950 - $4,000 psychological and technical resistance.
Look for a retest and bounce near $3,740 for a potential long entry.
Bearish Scenario (Less Likely Now):
If price falls below $3,740 and closes under it, a retest of $3,600-$3,620 is possible.
