Professional Chart Analysis: SupportâResistance Setupđđ„°đ€
$ETH
ETH
4,536.07
+2.11%
ETHUSDT
Perp
4,534.24
+2.18%
đč Market Structure
The chart shows a strong bullish rally from early August, followed by consolidation.
Current price is $4,505.95, trading above the support zone at $4,216.03.
đč Key Levels
Support Point đĄïž: $4,216 â acts as a base for bullish continuation.
Resistance Target đ§±: $4,700â$4,800 zone â major area where selling pressure may appear.
Buy Zone đŻ: After a retracement near support, buyers are expected to push price higher.
đč Technical Outlook
Price has formed a range-bound consolidation between $4,200 and $4,700.
If support holds, we can expect a bullish breakout towards the resistance target đŻ.
The projected move suggests a +9% upside potential from current levels.
đč Trading Plan đĄ
â Bullish Scenario:
Enter near **support zone ($4,216â$
$ETH
ETH
4,536.07
+2.11%
ETHUSDT
Perp
4,534.24
+2.18%
đč Market Structure
The chart shows a strong bullish rally from early August, followed by consolidation.
Current price is $4,505.95, trading above the support zone at $4,216.03.
đč Key Levels
Support Point đĄïž: $4,216 â acts as a base for bullish continuation.
Resistance Target đ§±: $4,700â$4,800 zone â major area where selling pressure may appear.
Buy Zone đŻ: After a retracement near support, buyers are expected to push price higher.
đč Technical Outlook
Price has formed a range-bound consolidation between $4,200 and $4,700.
If support holds, we can expect a bullish breakout towards the resistance target đŻ.
The projected move suggests a +9% upside potential from current levels.
đč Trading Plan đĄ
â Bullish Scenario:
Enter near **support zone ($4,216â$