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$ETH ETH/USDT – 4-Hour Technical Analysis Report**

**Current Price:** ~$2,978
**Timeframe:** 4H

Ethereum is currently trading near an important decision zone. After a corrective move from recent highs, price action shows signs of stabilization and a potential short-term recovery. Technical indicators are reflecting mixed momentum with both bullish and bearish signals present.

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**Key Market Levels from the chart**

* **24h High:** $3,003
* **24h Low:** $2,936
* **Major Swing High:** $3,447
* **Major Swing Low:** $2,623

These levels represent significant price reactions and will guide short-term market direction.

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**Moving Average Signals**

Visible moving averages on the chart:

* **MA(7): ~2,982**
* **MA(25): ~2,922**
* **MA(99): ~3,074**
Interpretation

* Price is hovering close to the short-term moving averages (MA7 & MA25), indicating consolidation.
* MA99 remains above price, signaling that long-term bearish pressure still exists.
* A breakout and sustained close above MA99 would strengthen bullish continuation possibilities.
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**RSI Indicator**

RSI(6) ≈ **59**

* RSI above 50 suggests buyers currently hold momentum
* The reading is below the overbought zone, meaning room remains for upward movement
* A move toward 70 could introduce selling pressure

The RSI supports the possibility of continued upward push if buyers maintain control.
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**Volume Analysis**

* Volume increased during the recent bounce, showing short-term buyer interest
* However, overall volumes remain moderate
* Strong breakout confirmation will require higher participation

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**Trend Analysis**

Recent price structure indicates:

1. A bullish reversal from $2,623
2. A strong rally to $3,447
3. A correction down toward $2,753
4. A recovery attempt taking price back toward $2,978

This suggests a potential **higher low structure**, hinting at bullish continuation if key resistance levels break.

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**Key Support and Resistance Zones**

**Support**

* $2,936
* $2,753
* Strong Support: $2,623

# **Resistance**

* $3,003 (psychological + recent high)
* $3,126
* Major resistance: $3,447

A sustained break above $3,003–$3,126 resistance zone could trigger the next bullish leg.
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**Bullish Scenario**
If ETH breaks above $3,003 with strong candle confirmation:

* Next target → $3,126
* Above that → $3,307
* Major breakout target → retest of $3,447

RSI momentum supports this bullish case.
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**Bearish Scenario**

If ETH drops below $2,936 support:

* Short-term correction may push price to $2,753
* Breakdown below → $2,623 becomes next target
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**Conclusion**

The Ethereum market remains at a crucial level. Technical indicators show:

* Short-term bullish recovery potential
* Long-term bearish resistance still active
* RSI supports upward continuation
* Volume remains insufficient for a strong breakout confirmation
The market is waiting for direction. A decisive move above $3,003 or below $2,936 will determine the next major trend leg.
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