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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📊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
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.