On 4-hour timeframe, $ETH is consolidating rather than strongly trending — there is a range between a support zone and a resistance zone.
Key support appears around ~US$3,600-3,700 according to recent analysis.
Key resistance around ~US$4,000 (some say $3,900-4,000) is acting as a ceiling for now.
Indicators (e.g., RSI, MACD) show mild bullish bias but momentum is not extremely strong — it’s more a “watch for breakout or breakdown” situation.
🎯 Trading signals (from a buying and selling viewpoint)
Buying Point
Consider entering a buy if ETH closes above the resistance zone around ~US$4,000, with good volume. That would break the consolidation and suggest more upside.
A more conservative buy: if ETH dips to the support zone ~US$3,600-3,700 and shows a strong bounce (e.g., reversal candle + volume) you could buy there (lower risk zone).
Entry zone example: US$3,650-3,700 on a confirmed bounce.
Selling Point
Consider setting a sell (or take profit) target if the price moves up and approaches a higher resistance after breakout — e.g., near US$4,400-4,800 as some analysts project.
On the flip side: if ETH breaks down below the support zone (~US$3,600) with momentum, then you might want to exit or reduce exposure — because that would increase risk of further decline.
⚠️ Key risk levels
Support break: If price falls below ~US$3,600 (or ~3,500 in worst case) the bullish structure becomes riskier.
Resistance failure: If you buy expecting breakout above US$4,000 and it fails and reverses, you’ll want to have stop-loss or manage risk.
🧮 Example simple plan
Entry: Buy at ~US$3,700 if bounce is confirmed, or wait for breakout above US$4,000.
Stop-loss: If bought at $3,700, set stop perhaps around ~$3,500 (risk zone).
Target: For a breakout scenario, look toward ~$4,400-4,500. For bounce at support, target maybe ~$4,000 first.
If price breaks below ~$3,600, consider selling or avoiding long until new structure.
note: this is not a financial advise!
