🔍 #ETH : Technical Analysis (4-Hour Timeframe)

General Overview:

📊 Current Price: $3,634.81

📈 24h High: $3,675.25 | 24h Low: $3,572.42

🔥 Recent days show an uptrend following a local decline.

Support and Resistance Levels:

🛠 Support: $3,360, $3,014 (previous lows).

⚔ Resistance: $3,761, $4,107 (previous highs).

Moving Averages (MA):

✅ MA(5) and MA(10) indicate positive dynamics (price is above these levels).

Recommendations:

Entry Points:

1️⃣ $3,570–3,590 — Pullback to local support and MA. Moderate position.

2️⃣ $3,360–3,400 — Strong support, good for long-term buys.

3️⃣ $3,014–3,050 — Global support, less likely but optimal for accumulation.

Profit-Taking Levels:

🎯 $3,761 — Nearest resistance level.

🎯 $4,000–4,100 — Major resistance; take most profits here.

🎯 $4,162–4,200 — Target if the uptrend continues.

Risks:

⚠ A break below $3,360 may lead to a drop toward $3,014, adding pressure on buyers.

⚠ Current low volume suggests possible false moves.

Conclusion:

The current trend is positive, but caution is advised due to the volatility of the crypto market. 🚀

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