$ETH 🚨🚨🚨 Ethereum Analysis (ETHUSDT) - 4 Hour Time Frame ⏳⏰🔴🔴🔴🚨#etherreum

#altcoins 🚨ETH ⏳4-HOUR Chart Analysis🚨🚨🚨

Support and Resistance Overview:

• Current Price: $3,542.86

• Recent Trends:

• Trend on 50 Bars: Sideways with a 0° angle

• Trend on 100 Bars: Downtrend with a -21° angle

• Trend on 150 Bars: Downtrend with a -15° angle

• Trend on 200 Bars: Sideways with a 2° angle

Key Patterns Identified:

• Double Top formation

• AntiCypher Pattern at point D

• AB=CD Pattern at point D

Technical Indicators:

• Downtrend Levels:

• $3,718.26 with a 4.92% distance and 11° angle (Weak)

• Uptrend Level: $3,339.82 with a 5.76% distance and 12° angle (Strong)

• Trend Line (TL) Strength:

• $3,718.26: 2.85 (Weak)

• $3,339.82: 4.45 (Strong)

Analysis:

Ethereum’s 4-hour chart indicates a mix of trends, with shorter periods showing sideways movement and longer periods trending downwards. Key resistance is found at $3,718.26, a level marked by a weak downtrend, while support at $3,339.82 is bolstered by a strong uptrend. The presence of a Double Top formation suggests potential further downside, countered by bullish AntiCypher and AB=CD patterns indicating possible reversal points.

Conclusion:

ETH is experiencing a volatile phase with mixed signals. Traders should closely monitor the resistance at $3,718.26 and the support at $3,339.82, as well as the identified chart patterns for potential breakout or breakdown scenarios#ETHETFsApproved #Alert🔴 #TraderAlert $ETH