A technical analysis report based on the 4-hour candlestick
CryptoPotato
Updated at: 6 hours ago
{"content":"A technical analysis report based on the 4-hour candlestick chart for $ETH /USDT is as follows:
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🔍 Overview
Current Price: $2,419.65
24h Change: +0.10%
24h High / Low: $2,463.54 / $2,382.53
Volume (24h): 382,294 ETH / $929.01M
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📊 Moving Averages
MA(7): $2,432.89 (Yellow)
MA(25): $2,433.64 (Pink)
MA(99): $2,484.04 (Purple)
Interpretation:
Short-Term Weakness: Price is below all three moving averages (MA7, MA25, MA99), suggesting bearish momentum in the short term.
Death Cross Signal: MA7 < MA25 < MA99, indicating a potential continuation of a downtrend unless reversed.
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🔄 Support and Resistance Levels
Immediate Resistance: ~$2,433 (MA25), then ~$2,484 (MA99)
Immediate Support: ~$2,382 (recent 24h low), then $2,277 and $2,111 (previous support zone)
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📈 Trend Analysis
Short-term Trend: Neutral to Slightly Bearish
Medium-term Trend: Bearish (as price is under MA99 and failing to make higher highs)
Momentum: Weak, with no strong push from buyers or sellers at current levels
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✅ Trading Strategy Suggestions
1. If You're a Short-Term Trader (Scalper or Day Trader):
Wait for a breakout above MA25 ($2,433) with strong volume to confirm a short-term bullish reversal.
Alternatively, short on rejection at MA25 or MA99 levels.
2. If You're a Swing Trader:
Consider buying near $2,370–$2,380 support, but only with a tight stop-loss below $2,350.
Best entry would be on a clear breakout above $2,485 (MA99 + resistance confluence).
3. Indicators to Watch (Not shown but recommended):
RSI: Check if it's near oversold/overbought.
MACD: Look for a bullish crossover.
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🟡 Final Verdict (Short-Term):
⚠️ Caution Zone: The price is in a consolidation phase below key resistance and above decent support.
📉 Bearish Bias unless ETH breaks above $2,485 with volume.
🕓 Best to wait for confirmation before entering a trade.","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/28/dd1701b74325403ab32154a222d0e2a4.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}