$ETH is trading around $1,770–$1,780 after posting one of its strongest weekly recoveries in months. On the 4-hour timeframe, the market structure remains bullish, with buyers continuing to defend higher lows.
📈 4H Market Structure
ETH continues to trade above its 50 EMA and 200 EMA, confirming that the short-term trend is still positive.
Price is consolidating below the $1,800–$1,840 resistance zone after a strong rally.
The current structure suggests healthy consolidation rather than a trend reversal, provided key support levels continue to hold.
•Bullish Scenario
If Ethereum manages to close a strong 4-hour candle above $1,800, buyers could regain momentum and push the price toward $1,840. A successful breakout above $1,840 would confirm continuation of the uptrend and could open the path toward $1,900–$2,000 in the coming sessions. Rising trading volume would strengthen this bullish outlook.
•Bearish Scenario
Failure to break above $1,800 may lead to short-term profit-taking. If ETH loses the $1,740 support level, the correction could extend toward $1,685–$1,700. Despite this possibility, the broader 4H structure remains constructive unless those supports break decisively.
•Technical Indicators
RSI: Around 51–59, indicating neutral to moderately bullish momentum with room for further upside.
MACD: Still positive overall, though momentum has slowed after the recent rally.
Moving Averages: Most medium- and long-term moving averages continue to signal a Buy, supporting the bullish trend.
•Key Levels
Support 1: $1,740
Support 2: $1,685
Resistance 1: $1,800
Resistance 2: $1,840
Bullish Target: $1,900–$2,000
•Conclusion
Ethereum's 4-hour chart continues to favor the bulls, but the $1,800–$1,840 resistance zone is the key level to watch. A confirmed breakout above this area could trigger another impulsive move higher, while rejection may result in a healthy pullback toward support before the next leg up. #BinanceTurns9 #GoldRetreatsFromTwoWeekHigh #SamsungQuarterlyProfitSurges19Fold
📈 4H Market Structure
ETH continues to trade above its 50 EMA and 200 EMA, confirming that the short-term trend is still positive.
Price is consolidating below the $1,800–$1,840 resistance zone after a strong rally.
The current structure suggests healthy consolidation rather than a trend reversal, provided key support levels continue to hold.
•Bullish Scenario
If Ethereum manages to close a strong 4-hour candle above $1,800, buyers could regain momentum and push the price toward $1,840. A successful breakout above $1,840 would confirm continuation of the uptrend and could open the path toward $1,900–$2,000 in the coming sessions. Rising trading volume would strengthen this bullish outlook.
•Bearish Scenario
Failure to break above $1,800 may lead to short-term profit-taking. If ETH loses the $1,740 support level, the correction could extend toward $1,685–$1,700. Despite this possibility, the broader 4H structure remains constructive unless those supports break decisively.
•Technical Indicators
RSI: Around 51–59, indicating neutral to moderately bullish momentum with room for further upside.
MACD: Still positive overall, though momentum has slowed after the recent rally.
Moving Averages: Most medium- and long-term moving averages continue to signal a Buy, supporting the bullish trend.
•Key Levels
Support 1: $1,740
Support 2: $1,685
Resistance 1: $1,800
Resistance 2: $1,840
Bullish Target: $1,900–$2,000
•Conclusion
Ethereum's 4-hour chart continues to favor the bulls, but the $1,800–$1,840 resistance zone is the key level to watch. A confirmed breakout above this area could trigger another impulsive move higher, while rejection may result in a healthy pullback toward support before the next leg up. #BinanceTurns9 #GoldRetreatsFromTwoWeekHigh #SamsungQuarterlyProfitSurges19Fold