🚀 Ethereum (ETH/USD) 4H Analysis – Preparing for a Major Bullish Move! 📈⚡
📊 Chart Overview:
Ethereum is currently forming a bullish structure on the 4H timeframe, setting up for a potential strong rebound from the key support zone between $2,385 – $2,434. The chart projects a two-leg correction followed by a rally toward $2,787 – $2,859 resistance, suggesting bullish momentum is building. 🔄💥
🔍 Key Technical Insights:
🟧 Major Support Zone ($2,385–$2,434)
This orange support block has been tested multiple times and is holding well. It’s a strong demand area where buyers are likely to step in again.
🔵 Current Price Action:
ETH is hovering around $2,519, with a possible dip toward the lower support zone before triggering a bounce. The bullish projection path (dotted line) suggests price may establish a higher low and begin a fresh uptrend. 📉➡️📈
🟪 Strong Resistance Ahead ($2,787–$2,859)
A large resistance cluster lies ahead, where previous rejections occurred. This zone will be critical — a clean break above could lead to significant upside continuation.
📐 Structure Overview:
Mid-range level: $2,679 (key pivot point)
Short-term resistance: $2,679
Target zone: $2,787–$2,859
Potential retracement base: $2,434–$2,385
📈 Projection Arrow:
Chart suggests a dip then a rally with potential bullish breakout — traders watching for a bullish confirmation pattern (double bottom, bullish engulfing, or breakout candle).
🧠 Conclusion:
ETH is nearing a buy zone for swing traders! A strong bounce from $2,434–$2,385 could offer a lucrative long opportunity toward the $2,850 region. A break above that resistance could open the door to a new bullish leg. 🚀📊
📌 Trade Setup Idea:
🔹 Entry: $2,440–$2,500
🎯 Target: $2,787 → $2,859
🛡️ SL: Below $2,385
📊 Chart Overview:
Ethereum is currently forming a bullish structure on the 4H timeframe, setting up for a potential strong rebound from the key support zone between $2,385 – $2,434. The chart projects a two-leg correction followed by a rally toward $2,787 – $2,859 resistance, suggesting bullish momentum is building. 🔄💥
🔍 Key Technical Insights:
🟧 Major Support Zone ($2,385–$2,434)
This orange support block has been tested multiple times and is holding well. It’s a strong demand area where buyers are likely to step in again.
🔵 Current Price Action:
ETH is hovering around $2,519, with a possible dip toward the lower support zone before triggering a bounce. The bullish projection path (dotted line) suggests price may establish a higher low and begin a fresh uptrend. 📉➡️📈
🟪 Strong Resistance Ahead ($2,787–$2,859)
A large resistance cluster lies ahead, where previous rejections occurred. This zone will be critical — a clean break above could lead to significant upside continuation.
📐 Structure Overview:
Mid-range level: $2,679 (key pivot point)
Short-term resistance: $2,679
Target zone: $2,787–$2,859
Potential retracement base: $2,434–$2,385
📈 Projection Arrow:
Chart suggests a dip then a rally with potential bullish breakout — traders watching for a bullish confirmation pattern (double bottom, bullish engulfing, or breakout candle).
🧠 Conclusion:
ETH is nearing a buy zone for swing traders! A strong bounce from $2,434–$2,385 could offer a lucrative long opportunity toward the $2,850 region. A break above that resistance could open the door to a new bullish leg. 🚀📊
📌 Trade Setup Idea:
🔹 Entry: $2,440–$2,500
🎯 Target: $2,787 → $2,859
🛡️ SL: Below $2,385
Market Analysts, Mentor, Forex Trader.
#XAUUSD Trader
FREE ANALYSIS AT ENTRY POINT.
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t.me/VikingFxCommunityAcademy
#XAUUSD Trader
FREE ANALYSIS AT ENTRY POINT.
Your Growth Is My Priority link
t.me/VikingFxCommunityAcademy
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.
Market Analysts, Mentor, Forex Trader.
#XAUUSD Trader
FREE ANALYSIS AT ENTRY POINT.
Your Growth Is My Priority link
t.me/VikingFxCommunityAcademy
#XAUUSD Trader
FREE ANALYSIS AT ENTRY POINT.
Your Growth Is My Priority link
t.me/VikingFxCommunityAcademy
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.