Alright, let’s break this down clearly for $Ethereum on the 4H chart: 📊 Current Structure •Price rejected the 2,415 resistance (recent high) → clear supply zone. •Now consolidating around 2,300–2,330. •Short-term structure = pullback after impulsive bullish move. 🔍 Key Indicators Insight •Bollinger Bands •Price pulled back from upper band → cooling momentum. •Middle band (~2,274) is acting as dynamic support. •Moving Averages •MA7 still above MA25 → bullish structure intact. •Price slightly below MA7 → short-term weakness. •Supertrend (2,251) •Still bullish → trend hasn’t flipped yet. •MACD •#Momentum fading (histogram shrinking) → possible consolidation or deeper pullback. •Volume •Spike on the push up → strong buyers. •Current lower #volume → no strong sellers yet, just profit-taking. 🧠 Probable Scenarios 🟢 Bullish Continuation (More likely if support holds) •If ETH holds 2,270–2,300 zone: •Expect another push toward: •2,380 •2,415 (#liquidity #sweep possible) •This would be a classic #bullish continuation after consolidation 🔴 Bearish #Pullback (If #support breaks) •If price breaks below 2,270 decisively: •Next supports: •2,250 (Supertrend) •2,180–2,200 zone •This would mean a deeper retracement before next move up ⚠️ Key Levels to Watch •#Resistance: 2,350 → 2,415 •#Support: 2,300 → 2,270 → 2,250 🧭 Clean Read Right now, this looks like: Bullish trend + short-term #consolidation Not a reversal yet — just a pause

Share







Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.