$ETH /4,1 hour and 5 minutes time frame
Support Zone:
The purple line indicates a potential support zone around $3,780.
This level represents an area where buying interest may emerge, preventing further price decline.
Traders often watch support zones for potential bounce-backs or trend reversals.
Resistance Zone:
The yellow line marks a resistance zone near $3,840.
Resistance levels act as barriers where selling pressure may increase, potentially halting upward movement.
A breakout above this level could signal further bullish momentum.
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