Ethereum is currently trading within a falling channel on the 4H timeframe, showing short-term bearish pressure.
Price is approaching the support zone around the $4,000–$4,100 area, which also aligns with the lower boundary of the channel.
As long as this zone holds, it could act as a springboard for bullish momentum, offering a potential long setup.
A breakout from the channel would further confirm buyer strength and open the way toward the resistance zone near $4,800–$4,900.
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Price is approaching the support zone around the $4,000–$4,100 area, which also aligns with the lower boundary of the channel.
As long as this zone holds, it could act as a springboard for bullish momentum, offering a potential long setup.
A breakout from the channel would further confirm buyer strength and open the way toward the resistance zone near $4,800–$4,900.
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
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כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.