๐ $ETH Technical Analysis & Setup
Ethereum bounced firmly off the lower boundary of its 4h descending channel and successfully reclaimed the midline. Price is currently trading around $4,030, pressing against the immediate upper boundary resistance near $4,050 to $4,100 while testing the weekly VWAP.
โข Key Support / Demand: $3,950 midline and channel lower boundary
โข Resistance / Supply Targets: $4,050-$4,100 upper boundary, with next major target at $4,400
โข Trigger / Confirmation: A clean 4h candlestick close above the upper channel boundary
โข Risk / Invalidation: A close back under the midline and weekly VWAP kills the bounce setup
โข Market Execution: Monitor volume expansion on breakout attempts across standard order book depth
Always manage your risk properly and wait for confirmed closes before entering positions. DYOR โ Educational setup, not financial advice.
#BinanceSquare #Crypto #ETH #Trading
Ethereum bounced firmly off the lower boundary of its 4h descending channel and successfully reclaimed the midline. Price is currently trading around $4,030, pressing against the immediate upper boundary resistance near $4,050 to $4,100 while testing the weekly VWAP.
โข Key Support / Demand: $3,950 midline and channel lower boundary
โข Resistance / Supply Targets: $4,050-$4,100 upper boundary, with next major target at $4,400
โข Trigger / Confirmation: A clean 4h candlestick close above the upper channel boundary
โข Risk / Invalidation: A close back under the midline and weekly VWAP kills the bounce setup
โข Market Execution: Monitor volume expansion on breakout attempts across standard order book depth
Always manage your risk properly and wait for confirmed closes before entering positions. DYOR โ Educational setup, not financial advice.
#BinanceSquare #Crypto #ETH #Trading
