$ETH 4H Chart — Consolidation After Rally
Price pulled back from resistance around $2,800–$2,810 and now testing key EMA support.
Bullish Path:
Hold $2,540–$2,600 demand zone → retest support → expansion toward $2,900+
Bearish Breakdown:
Close below $2,540 and 200 EMA (~$2,517) invalidates setup → opens path to $2,400
Watch the $2,540 level. Hold = continuation. Break = correction.
Price pulled back from resistance around $2,800–$2,810 and now testing key EMA support.
Bullish Path:
Hold $2,540–$2,600 demand zone → retest support → expansion toward $2,900+
Bearish Breakdown:
Close below $2,540 and 200 EMA (~$2,517) invalidates setup → opens path to $2,400
Watch the $2,540 level. Hold = continuation. Break = correction.
