😃 Hey , how’s it going ? Come over here — Satoshi got something for you!
⏰ We’re analyzing ETH on the 4-Hour timeframe.
🔭 ETH 4H Chart: Observing Ethereum on the 4-hour timeframe, after breaking the midline of the box, ETH closed above the box. Then, following the news, it formed a shadow that hit the lower box level, triggering a series of buy orders. Now, we’re watching to see if ETH will continue upward. The overall trend behind ETH is still bullish, and a breakout above the multi-timeframe range could push it toward the box’s top again.
⛏ Key RSI Levels: ETH’s RSI is around 70 and 50. A breach of these levels could signal the start of a move, especially following today’s inflation news impact.
💰 Candle Size & Volume: Green candle sizes and volume have increased. Yesterday, $164M of ETH was bought via ETFs, which is notable.
🪙 ETHBTC 4H Chart: Observing the ETH/BTC pair on the 4-hour timeframe, this pair tends to act slightly more precisely compared to ETH/USDT. Currently, it’s trading within a box with declining volume. News caused a reaction at the top of the box. If the box’s top breaks, a significant amount of BTC could convert into ETH, potentially pumping the ETH/USDT pair as well.
🔔 Entry & Target Zones: A potential early entry is around $4443, with the box top at $4500 — a strong resistance. If ETH breaks this level, it could aim for a new ATH. Make sure to confirm across multiple timeframes before taking a position.
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
