Looking at your ETH/USDT 4H chart:
Current price: $4,561
Recent high: $4,956
Recent low: $4,106
Price is rebounding after a sharp drop, forming a small recovery.
Stochastic (K/D/J) is showing upward momentum from oversold levels, which indicates a short-term bullish push.
Volume is also slightly increasing on green candles.
📊 Interpretation:
In the short term, ETH is trying to recover, so a long position is favorable if momentum continues above $4,550.
But resistance lies near $4,625 – $4,700, so you should keep a tight stop-loss around $4,500.
✅ Position suggestion:
Long entry above $4,550
Target: $4,625 – $4,700
Stop-loss: $4,500
⚠️ If ETH fails to hold above $4,500 and breaks down again, a short could open with target around $4,400.
Current price: $4,561
Recent high: $4,956
Recent low: $4,106
Price is rebounding after a sharp drop, forming a small recovery.
Stochastic (K/D/J) is showing upward momentum from oversold levels, which indicates a short-term bullish push.
Volume is also slightly increasing on green candles.
📊 Interpretation:
In the short term, ETH is trying to recover, so a long position is favorable if momentum continues above $4,550.
But resistance lies near $4,625 – $4,700, so you should keep a tight stop-loss around $4,500.
✅ Position suggestion:
Long entry above $4,550
Target: $4,625 – $4,700
Stop-loss: $4,500
⚠️ If ETH fails to hold above $4,500 and breaks down again, a short could open with target around $4,400.