ETH on the 4H
And just like that, ETH is knocking on the $4K door again. This move is absolutely beautiful.
After losing the 0.236 Fib last week and bouncing from the 0.5, ETH made another attempt earlier this week — got rejected — then broke above 0.236 like it was nothing.
Now, price is retesting yesterday’s close (black dotted line), which aligns with last week’s highs and is acting as short-term support. It’s gathering strength for the next push at $4K.
All signals align:
• MLR > SMA > BB Center
• PSAR flipped bullish
• RSI is cooling off
• MACD is fully bullish
Structure remains strong. Momentum is building.
ETH-related bullish news and stablecoin narratives are flooding the timeline.
I’ve started scaling back in and am watching how price reacts to the $4K resistance.
This part takes patience and focus — I’ll keep updating this idea as it evolves.
Always take profits and manage risk.
Interaction is welcome.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.