Hello everyone, let’s analyze this 4H chart setup using technical analysis and explore the possible scenarios for $ETH :
🟢 Bullish Scenario (Higher probability if support holds)
If $ETH maintains support around $2300
And breaks above the $2335–$2350 resistance zone
👉 Targets:
$2370 (upper Bollinger Band region)
$2420 (previous high-liquidity area)
✔️ Confirmation:
A strong bullish candle with increased volume
Parabolic SAR flipping below the price
🔴 Bearish Scenario
If price clearly breaks below the $2280–$2300 support zone
👉 Targets:
$2250
$2215–$2220 (next liquidity zone)
✔️ Confirmation:
A strong bearish breakdown candle
MACD expanding further to the downside
⚖️ Key Levels to Watch
Support: $2300 / $2280
Resistance: $2335 / $2350 / $2370
🧠 Conclusion
Currently, $ETH
is consolidating tightly after a recent drop, showing:
Weak bearish momentum
Strong support holding
👉 Most probable move: a brief fakeout followed by a breakout
A slight dip (liquidity grab) could occur first
Then a potential upward move if buyers regain control..