Ethereum (ETH/USDT) at Critical Support – Breakout or Breakdown?

1 Şub

📉 Ethereum (ETH/USDT) 4H Chart Analysis
🔴 Current Price: $3,220.06 (-0.95%)
📊 Indicators & Patterns:

Downtrend Resistance: A descending trendline is acting as resistance.
Support Zone: The red highlighted area (~$3,220) is a key support level.
200 EMA: At $3,320, acting as resistance.
🔮 Possible Scenarios
1️⃣ Bullish Case 🚀: If ETH holds the support and breaks the descending trendline ($3,320), it could test higher levels around $3,400 - $3,500.
2️⃣ Bearish Case 📉: A breakdown below the support ($3,220) could trigger a fall towards $3,100 or even $3,000.

🎯 Key Levels to Watch
Resistance: $3,320 (EMA 200), $3,400 (Trendline)
Support: $3,220 (Zone), $3,100 (Next Major Support)
⏳ Conclusion
ETH is at a critical decision point. A bounce could lead to a breakout, but failure to hold could trigger more downside. Watch for a reaction around $3,220! 🚦

1 Şub

İşlem aktif

🔥 Nice call! ETH is respecting the chart and moving towards the $3,100 target! 📉💰

If it breaks below $3,100, we could see a deeper drop towards $3,000 or lower. Watch for reactions at key levels! 👀

What’s your next move? Planning to buy the dip or wait for confirmation? 🤔📊

2 Şub

İşlem kapandı: hedefe ulaştı

🔥 Perfect execution! $3,100 target hit, and now the market is pulling back to the buy zone. 📈

🔄 Next Plan:
Watching the $3,220 - $3,250 zone for a potential short-term buy opportunity.
If ETH holds this level, a bounce towards $3,320 (EMA 200) or higher could be in play.
If rejection happens, another drop towards $3,000 - $3,050 is possible.
⚠️ Key Watch: Reaction at the buy zone will confirm the next move! Let’s stay sharp! 🔥📊