📈LONG: $ETH (4H)
Current Price $3521.02
Market Cap $422.98B
Change 1h -0.04% | 24h +0.31%
4-Hourly Indicators:
• RSI: 46 - Neutral 🟠
• MACD: -39 - Bearish 🔴
• EMA: 3561 - Below 🔴
Analysis:
The ETHUSDT chart displays a double bottom pattern on the 4H timeframe, indicating a potential trend reversal. The price is currently at a key support level amidst an overall uptrend on the daily chart, providing a strong buy signal within the current market structure.
Price Targets:
If the uptrend continues, the initial target is around $3,500. Upon breaking this level, the next significant resistance could be at $3,700. Conversely, if the support fails, watch for a potential drop to around $3,468. Stay cautious and adjust strategies accordingly!
