ETH/USDT 4H Chart✅ Market Trend and Structure:
Uptrend: The highlighted orange trend line shows continuous growth since mid-April. The price is trading above the 50- and 200-period moving averages (EMA and SMA), confirming bullish sentiment.
Current price: around 3556 USDT – very close to local highs.
Resistance break in the 3200–3300 USDT area, which now acts as support.
📈 Technical Levels:
Resistance (red horizontal lines):
3600–3650 USDT – local resistance resulting from market reaction.
3888 USDT – next historical resistance level.
4133 USDT – established long-term target (green dashed line at the top).
Support:
3300 USDT – strong support after a previous breakout.
3080 USDT – previous high, now the next support level.
3070 / 2900 USDT – key technical support levels in the event of a larger correction.
📊 Indicators:
MACD:
The MACD is in a strongly bullish zone, but:
The histogram is flattening.
A bearish crossover pattern is possible in the following candles – a signal of weakening momentum.
RSI:
RSI ~74 – is in the overbought zone, which often heralds a correction or at least consolidation.
A value above 70 confirms the bullish trend but may suggest that momentum is overheated.
📌 Conclusions and Scenarios:
🔼 Upside Scenario (trend continuation):
If the price remains above 3300–3350 USDT, it could move towards 3888, and then 4133 USDT.
A break above 3650 USDT on heavy volume will be a strong continuation signal.
🔽 Corrective scenario (short-term pullback):
The RSI and MACD suggest a possible correction.
Potential pullback to:
3300 USDT (retest of previous resistance as support).
SMA 200 (~2600 USDT) with a deeper downward move.
