ETHUSDT is consolidating inside a rising 4H channel after its strong breakout from the 1,900 area.
The first requirement for the bullish scenario is a weekly close above 2,460. This would provide an early signal for a small starter spot entry.
The confirmation sequence is:
Weekly close above 2,460
Reclaim the 200-Week SMA at 2,497
Break the current resistance at 2,546
If ETH completes this sequence, the next technical objectives are 2,600 and 2,700.
Key supports:
2,420–2,440: Rising channel support
2,260: Major structural support
2,024: 200-Day SMA
The Daily RSI is at 70.67 and remains below its RSI average of 74.80. Momentum is still strong but elevated, so the breakout needs renewed buying pressure.
A confirmed 4H close below the channel would weaken the setup and expose 2,260.
The initial position should remain small until the stronger confirmation levels are reclaimed.
Educational research only, not a buy or sell recommendation. Do your own research before making any trading decision.
$ETH #ETHUSDT #Ethereum #TechnicalAnalysis
The first requirement for the bullish scenario is a weekly close above 2,460. This would provide an early signal for a small starter spot entry.
The confirmation sequence is:
Weekly close above 2,460
Reclaim the 200-Week SMA at 2,497
Break the current resistance at 2,546
If ETH completes this sequence, the next technical objectives are 2,600 and 2,700.
Key supports:
2,420–2,440: Rising channel support
2,260: Major structural support
2,024: 200-Day SMA
The Daily RSI is at 70.67 and remains below its RSI average of 74.80. Momentum is still strong but elevated, so the breakout needs renewed buying pressure.
A confirmed 4H close below the channel would weaken the setup and expose 2,260.
The initial position should remain small until the stronger confirmation levels are reclaimed.
Educational research only, not a buy or sell recommendation. Do your own research before making any trading decision.
$ETH #ETHUSDT #Ethereum #TechnicalAnalysis
