$ETH /USDT Technical Analysis: 4H Chart Overview
đ Current Price: $3,703.03
đ» 24H Change: -4.78%
đ 24H High: $3,907.19
đ 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
đž Resistance Levels:
1. $3,750 (Immediate Resistance)
2. $3,910 (Major Resistance Zone)
3. $4,200 (Long-Term Bullish Target)
đč Support Levels:
1. $3,600 (Immediate Support)
2. $3,540 (Key Breakdown Level)
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Trade Ideas
đ” 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
đŽ 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
đ If ETH reclaims $3,750 and sustains above $3,910, it could gain momentum toward the psychological resistance at $4,200.
đ However, failure to hold $3,540 could lead to a further decline, testing $3,200 levels in the short term.
â ïž Advice: Manage risks wisely with stop-loss levels and take partial profits at key levels.
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Hashtags
#ETHUSDT. #CryptoTrading #EthereumMemecoin #TradingSignals #MarketAnalysis