$ETH /4 Hour:
#Support Level:
- Purple Zone: Around $3,750 to $3,800. This zone acts as a strong support level, where the price has previously found stability.
#Resistance Levels:
1. Yellow Line: Approximately $4,200. This is the primary resistance level to watch for in a bullish run.
#Potential Bullish Run Scenario:
1. Current Position: The price is near $3,816, which is just above the strong support zone (purple area).
2. Upside Potential: If the price sustains above this support and continues upward, it is likely to encounter resistance around the $4,200 mark (yellow line).
3. Breakout: A successful breakout above the $4,200 resistance could signal a stronger bullish trend, potentially leading to higher price targets.
In summary, the key to the bullish run will be maintaining support above the purple zone and breaking through the $4,200 resistance level.
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