I just looked at $ETH 's 4-hour chart, and it's very strong. If this wave stabilizes above 2100,
then the resistance levels will be:
R1: 2188–2200 (short-term integer key level + potential upper shadow area)
R2: 2245–2265 (common target zone for the second leg after a rally)
R3: 2320–2360 (strong trend extension target / momentum acceleration zone)
Support levels:
S1: 2140–2150 (strong rebound support zone)
S2: 2105–2120 (secondary defense after breaking S1)
S3: 2060–2080 (4H trend's "last line of defense"; a break below indicates a significant weakening of the bullish structure)
Next steps:
Strong continuation (higher probability): A pullback only to S1(2140–2150) to halt the decline, then after breaking above 2200, watch for 2245–2265 within 24–48 hours. If volume continues to grow, 48–72 hours might test 2320–2360.
High-level consolidation (moderate probability): Moving back and forth within the 2140–2200 range, characterized by frequent wicks and chasing the rally, which can lead to shakeouts; pattern A's phased pullbacks are more favorable.
Weakening and retracement (must be cautious): If the 4H close drops below 2105 and cannot recover above 2140, the likely target is 2060–2080; if it breaks 2055 again, short-term long strategies fail, and a new structure needs to form before acting.
This kind of uncertain situation isn't common among most traders, so it's better to watch more and act less. Wishing everyone early profits.
then the resistance levels will be:
R1: 2188–2200 (short-term integer key level + potential upper shadow area)
R2: 2245–2265 (common target zone for the second leg after a rally)
R3: 2320–2360 (strong trend extension target / momentum acceleration zone)
Support levels:
S1: 2140–2150 (strong rebound support zone)
S2: 2105–2120 (secondary defense after breaking S1)
S3: 2060–2080 (4H trend's "last line of defense"; a break below indicates a significant weakening of the bullish structure)
Next steps:
Strong continuation (higher probability): A pullback only to S1(2140–2150) to halt the decline, then after breaking above 2200, watch for 2245–2265 within 24–48 hours. If volume continues to grow, 48–72 hours might test 2320–2360.
High-level consolidation (moderate probability): Moving back and forth within the 2140–2200 range, characterized by frequent wicks and chasing the rally, which can lead to shakeouts; pattern A's phased pullbacks are more favorable.
Weakening and retracement (must be cautious): If the 4H close drops below 2105 and cannot recover above 2140, the likely target is 2060–2080; if it breaks 2055 again, short-term long strategies fail, and a new structure needs to form before acting.
This kind of uncertain situation isn't common among most traders, so it's better to watch more and act less. Wishing everyone early profits.
