ETH/USDT 4-hour chart
- Price is currently just above the 200 EMA, which often acts as dynamic support.
- ETH has been consolidating around this level neither showing strong bullish breakout nor bearish breakdown.
- The price is ranging sideways in a relatively tight band, showing a lack of strong momentum either way.
- There’s no clear higher high or lower low — a neutral/balanced market phase.
- Recent candles show wicks on both ends, indicating indecision and equal pressure from buyers and sellers.
- As long as price holds above the 200 EMA (~$1780), bulls maintain slight control.
- If ETH breaks and closes below the 200 EMA, it may open a path toward lower support zones (~$1740, $1700).
- To regain bullish momentum, ETH need to break and hold above ~$1840–$1860, the recent local highs.
- Looking for breakout with strong momentum, watch for massive volume candle.
- stay strong and take care.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.