Professional Analysis of $ETH /USDT Chart (4H)

The ETH/USDT chart shows a recent retracement from $3,425.92 to $3,307.16, indicating potential consolidation after a sharp upward move. The price remains above the 99-period moving average ($3,117.68), suggesting overall bullish momentum in the medium term. However, the decline from the recent high highlights short-term profit-taking or resistance.

Long Entry

Entry Zone: $3,300–$3,310 (current level).

Target: $3,400–$3,450.

Stop Loss: Below $3,250 (recent support).

Reasoning: The retracement near the MA(7) suggests potential support and resumption of the uptrend.

Short Entry

Entry Zone: $3,320–$3,350 (if rejection occurs).

Target: $3,250–$3,200.

Stop Loss: Above $3,380.

Reasoning: A failed attempt to reclaim higher levels near resistance at $3,400 would signal bearish momentum in the short term.

Recommendation

Monitor volume and candlestick patterns closely. A bullish breakout above $3,350 with volume would favor long positions, while rejection near resistance warrants caution or short entry. Ensure disciplined risk management.

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