Writing
4H ETH/USDT analysis shows $ETH still holding a strong bullish structure đ
đ Market Structure ⢠ETH continues printing higher highs and higher lows
⢠Price is currently testing a key resistance zone around 2,410â2,420
⢠Overall trend remains bullish with: ⢠Price trading above MA7, MA25, and MA99
⢠Supertrend still positive
⢠SAR dots staying below price, signaling trend continuation
đ Important Levels
Resistance Area ⢠2,410 â 2,420 is the immediate resistance zone
⢠Previous rejection happened here, making this level critical
Support Zones ⢠2,380 â 2,360 â first support region (MA + mid Bollinger area)
⢠2,340 â 2,320 â stronger support zone (trend foundation + MA99)
MACD Momentum ⢠MACD remains bullish, though momentum is slowing slightly
⢠Indicates cooling momentum, not a confirmed reversal
Volume ⢠Latest move came with decent volume, but not enough for full breakout confirmation
⢠Breakout remains possible if buying pressure increases
đ Possible Scenarios
đ˘ Bullish Case (Currently Favored) ⢠A confirmed close above 2,420 could open the path toward: ⢠2,450
⢠2,500 psychological target
⢠That would validate continuation of the current uptrend
đ Key confirmation signals: ⢠Strong candle close above resistance
⢠Rising volume
đĄ Short-Term Pullback Scenario ⢠Since ETH is testing resistance while momentum cools: ⢠A pullback toward 2,360â2,380 would be normal and healthy
đ What to watch: ⢠Strong bounce from support
⢠Formation of another higher low before continuation upward
đ´ Bearish Scenario (Less Likely) ⢠If ETH loses 2,340 support: ⢠Trend strength weakens
⢠Possible downside toward 2,300â2,280
đ§ Final View ⢠Overall trend remains bullish
⢠ETH is currently sitting at a major decision zone
⢠Most likely outcome for now: đ Short pullback first, then continuation higher đ$ETH