📢 Technical Analysis for Currency $ETH – 4 Hour Frame
🔸 The price is trading above the moving averages (50 and 20) and inside the Ichimoku cloud, indicating a temporary balance
🔸 The RSI indicator is at medium levels with weak buying momentum
🔸 The overall trend is still maintaining its upward movement provided that the nearby support is not broken
📌 Trade Type: Spot – Spot
🎯 Positive Scenario:
– Breaking above the level of 3810 with a closing candle of 4 hours will confirm the continuation of the upward trend
– Expected targets: 3935 – 4050 – 4170
❌ Negative Scenario:
– Breaking the support at 3730 may increase selling pressure
– Targets: 3620 – 3480 – 3360
📌 Note: It is better to wait for confirmation of the breakout or breakdown before making a decision
⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice.