Ethereum ($ETH ETH) is currently trading around $2,439.58, showing signs of recovery after a recent correction. On the 4-hour timeframe, broader market trends and key resistance/support levels become more significant for swing traders and mid-term investors.
๐ Current Market Position:
โข Current Price: $2,439.58
โข 24H High: $2,559.55
โข 24H Low: $2,367.36
โข SuperTrend: Still bearish but flatteningโearly signs of momentum shift
โข Volume: Stabilizing after high volatility
๐ 4H Strategy Breakdown:
โ BUY Above:
๐ $2,428 โ A strong support zone, now tested and holding. Confirmation above this level signals momentum building.
This level aligns with trend recovery after the previous low near $2,367.
๐ Target Levels:
โข First Resistance: $2,447.62
โข Mid Resistance: $2,527.87
โข Swing Target: $2,603.48 (R2 Resistance + SuperTrend reversal zone)
This swing target offers an excellent reward-to-risk setup for bullish traders.
๐ SELL ZONE:
๐ $2,603.48 and Above โ Consider profit booking or short setups near this zone if price stalls or volume diverges.
๐ 4H Chart Takeaway for Binance Traders:
This longer timeframe gives a better view of ETH recovery zones and helps identify a low-risk long entry near $2,428, with a high reward target near $2,603. The Crypto Analyst @Square-Creator-f5715f2a101b Reported the latest update for the next 3days
Perfect for swing traders, trend followers, or options traders looking to play the 4H trend bounce.