Writing

4H ETH/USDT analysis shows $ETH still holding a strong bullish structure 👇

🔍 Market Structure • ETH continues printing higher highs and higher lows

• Price is currently testing a key resistance zone around 2,410–2,420

• Overall trend remains bullish with: • Price trading above MA7, MA25, and MA99

• Supertrend still positive

• SAR dots staying below price, signaling trend continuation

📊 Important Levels

Resistance Area • 2,410 – 2,420 is the immediate resistance zone

• Previous rejection happened here, making this level critical

Support Zones • 2,380 – 2,360 → first support region (MA + mid Bollinger area)

• 2,340 – 2,320 → stronger support zone (trend foundation + MA99)

MACD Momentum • MACD remains bullish, though momentum is slowing slightly

• Indicates cooling momentum, not a confirmed reversal

Volume • Latest move came with decent volume, but not enough for full breakout confirmation

• Breakout remains possible if buying pressure increases

📈 Possible Scenarios

🟢 Bullish Case (Currently Favored) • A confirmed close above 2,420 could open the path toward: • 2,450

• 2,500 psychological target

• That would validate continuation of the current uptrend

👉 Key confirmation signals: • Strong candle close above resistance

• Rising volume

🟡 Short-Term Pullback Scenario • Since ETH is testing resistance while momentum cools: • A pullback toward 2,360–2,380 would be normal and healthy

👉 What to watch: • Strong bounce from support

• Formation of another higher low before continuation upward

🔴 Bearish Scenario (Less Likely) • If ETH loses 2,340 support: • Trend strength weakens

• Possible downside toward 2,300–2,280

🧠 Final View • Overall trend remains bullish

• ETH is currently sitting at a major decision zone

• Most likely outcome for now: 👉 Short pullback first, then continuation higher 🚀$ETH