📊ETHUSDT 4H Market Update
• Trend: Bullish
• SMA (20): 2374.8415
• Support: 2100.93
• Resistance: 2549.4
• Current Price: 2429.22
📈Strategy:
Price is currently in premium zone above the 20 SMA, confirming bullish momentum but also indicating overextension favoring shorts. The 4H swing high at 2444.3 serves as immediate resistance; a break above could push toward the 4H range high near 2549.4. However, our calculated short entry at 2429.22 with a stop loss of 2356.3434 and take profit at 2538.5349 offers a 1:1.5 risk/reward ratio. Traders should watch for price rejection at the resistance zone before taking a position.
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⚠️ Not financial advice - always DYOR.
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• Trend: Bullish
• SMA (20): 2374.8415
• Support: 2100.93
• Resistance: 2549.4
• Current Price: 2429.22
📈Strategy:
Price is currently in premium zone above the 20 SMA, confirming bullish momentum but also indicating overextension favoring shorts. The 4H swing high at 2444.3 serves as immediate resistance; a break above could push toward the 4H range high near 2549.4. However, our calculated short entry at 2429.22 with a stop loss of 2356.3434 and take profit at 2538.5349 offers a 1:1.5 risk/reward ratio. Traders should watch for price rejection at the resistance zone before taking a position.
🔔 Don't forget to follow for more updates! & Your Future Eye
⚠️ Not financial advice - always DYOR.
Click Here To Trade 👇