$Ethereum / USD 4H Analysis

/ USD 4H Analysis

ETH has shown a massive rally of +82.5%, climbing from the $1,900 area to a local high of ~$3,670.

🔑 Key Levels & Zones:
🔹 Resistance Zone:
~$3,750–$3,800 Price is reacting here after a strong bullish move. Potential local top if no breakout follows.
🔹 First Demand Zone:
~$3,500 Nearest 4H demand zone. A possible area for a short-term bounce or continuation if price retraces.

🔹 Mid-Level Demand Zone:
~$2,950 Previous consolidation zone, now flipped into support. Stronger structure here.
🔹 Deep Support Zone:
~$2,530 Major support in case of a deep correction. Confluence with previous breakout zone and unfilled demand.

🧠 After an 82% run, ETH might enter a short-term distribution or pullback phase. Eyes on how it reacts around $3,500. If that level holds continuation possible. If not expect deeper retracement.

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