ETH/USDT 4H chart, the structure is still slightly bullish, but ETH is sitting at an important resistance zone.
š What the chart is showing
Current price: ~$2,505
Resistance
$2,528 ā 4H Bollinger upper band / immediate resistance
$2,566 ā recent swing high and major breakout level
Above $2,566 ā $2,600ā$2,650 becomes the next potential area
Support
$2,485 ā Bollinger middle band + MA25
$2,477 ā SAR support
$2,442 ā lower Bollinger Band
$2,395 ā Supertrend support
The broader market is also currently treating roughly $2,500ā$2,550 as a key ETH battle zone.
š¢ Bullish scenario ā my primary scenario
The interesting part is that ETH is holding above the MA25 ($2,485) while the MA7 is around $2,504.
If the 4H candles continue holding $2,485ā$2,500, I would watch for:
$2,505 ā $2,528 ā $2,550 ā $2,566
A convincing 4H close above $2,566 with increasing volume would be the strongest confirmation that the consolidation is resolving upward. Current external technical analysis also identifies ~$2,550ā$2,567 as the key breakout region.
š“ Bearish scenario
There is also a clear warning:
MACD is still slightly negative (-4.39), and ETH has recently struggled to push through the upper Bollinger Band.
If ETH gets rejected around $2,528ā$2,566 and loses $2,485, I would expect a move toward:
$2,477 ā $2,442
A sustained 4H break below $2,442 would weaken the bullish structure considerably and could expose the $2,395 area.
š One thing I particularly like on your chart
The Stoch RSI is turning upward from relatively low levels:
Stoch RSI: 31.81
MA Stoch RSI: 28.40
That suggests short-term momentum may be trying to turn upward again. However, MACD hasnāt fully confirmed it yet.
So I would characterize the setup as:
š¢ Bullish structure + š” short-term consolidation + š“ strong resistance overhead.
šÆ My probable path
Most likely:
$2,500ā$2,530 consolidation ā attempt toward $2,550ā$2,566.
If $2,566 breaks convincingly, the next upside expansion could target approximately $2,600ā$2,650.
If $2,485 fails, Iād expect the market to test $2,477/$2,442 before another serious attempt higher.
One important point: ETHās daily momentum is already quite stretched/overbought, so a pullback or sideways consolidation wouldnāt necessarily mean the larger bullish trend has ended