ETHUSDT (4H Chart) Technical Analysis
2025-02-09
Category: None

ETHUSDT (4H Chart) Technical Analysis

1. Market Trend & Structure
Bearish trend: ETHUSDT is trading below EMA 50, EMA 100, and EMA 200, confirming a downtrend.
Resistance at 2,847 USDT: Price has rejected from this level multiple times.
Support at 2,657 USDT: Currently testing a key support zone with potential for a bounce.

2. Key Support & Resistance Levels
Support Zones:

2,657 - 2,636 USDT (Potential demand zone).
2,559 - 2,394 USDT (Major support if breakdown occurs).
Resistance Zones:

2,735 USDT (minor resistance).
2,847 USDT (EMA 50 resistance, key breakout level).
3,057 - 3,097 USDT (Mid-term resistance).
3,222 - 3,372 USDT (Strong supply zone).
3. Indicators & Market Sentiment
✅ Stochastic RSI: Near oversold, indicating possible bullish momentum.
✅ EMA 50 Resistance: Price is struggling to break above, confirming bearish control.
✅ Volume: Moderate, indicating a potential consolidation phase before a breakout.

4. Trading Plan
Bullish Scenario (Long Position Plan)
✅ Entry: 2,636 - 2,657 USDT (support zone).
✅ Targets:

2,735 USDT (short-term resistance).
2,847 USDT (major breakout level).
3,057 - 3,097 USDT (mid-term resistance).
✅ Stop Loss: Below 2,559 USDT to manage downside risk.
Bearish Scenario (Short Position Plan)
✅ Entry: If price fails to break 2,847 USDT.
✅ Targets:

2,657 USDT (support zone).
2,559 - 2,394 USDT (next support level).
✅ Stop Loss: Above 2,900 USDT to avoid fakeouts.

5. Risk Management & Considerations
Win rate: 80%, with a 4.0 WL ratio, indicating high accuracy trades.
If ETH loses the 2,657 USDT support, further downside to 2,559 - 2,394 USDT is likely.
A break above 2,847 USDT would indicate bullish momentum toward 3,057 USDT+.

 Conclusion 
ETH is at a critical support zone (2,657 USDT), with potential for reversal.
A break above 2,847 USDT confirms bullish continuation, targeting 3,057 - 3,372 USDT.
If support fails, ETH could dip toward 2,559 - 2,394 USDT.

📌 Trading Tip: Wait for confirmation before entering trades & use tight stop-loss strategies. 🚀