$ETH /USDT Technical Analysis: 4H Chart Overview

šŸ“Š Current Price: $3,703.03

šŸ”» 24H Change: -4.78%

šŸ“ˆ 24H High: $3,907.19

šŸ“‰ 24H Low: $3,542.22

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Analysis Summary

The 4-hour chart shows significant volatility, with ETH failing to break above $4,000 and retracing toward $3,700. A descending trend is forming near $3,750 resistance, while the $3,600 zone acts as strong support.

Key Levels

šŸ”ø Resistance Levels:

1. $3,750 (Immediate Resistance)

2. $3,910 (Major Resistance Zone)

3. $4,200 (Long-Term Bullish Target)

šŸ”¹ Support Levels:

1. $3,600 (Immediate Support)

2. $3,540 (Key Breakdown Level)

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Trade Ideas

šŸ”µ Long Trade Setup

Entry: Buy above $3,750 (confirmation of bullish breakout)

Targets:

Target 1: $3,910

Target 2: $4,200

Stop Loss: Below $3,600

šŸ”“ Short Trade Setup

Entry: Sell below $3,540 (confirmation of breakdown)

Targets:

Target 1: $3,400

Target 2: $3,200

Stop Loss: Above $3,750

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Predictions

šŸ“Œ If ETH reclaims $3,750 and sustains above $3,910, it could gain momentum toward the psychological resistance at $4,200.

šŸ“‰ However, failure to hold $3,540 could lead to a further decline, testing $3,200 levels in the short term.

āš ļø Advice: Manage risks wisely with stop-loss levels and take partial profits at key levels.

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#ETHUSDT. #CryptoTrading #EthereumMemecoin #TradingSignals #MarketAnalysis