ETH 4H Analysis - Key Triggers Ahead | Day 23

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ETH 4H Analysis - Key Triggers Ahead | Day 23Ethereum / TetherUSBINANCE:ETHUSDTCryptosWinter😃 Hey , how's it going ? Come over here — Winter got something for you! ⏰ We’re analyzing ETH on the 4-Hour timeframe. 👀 On the 4H timeframe of Ethereum, we see that after touching the maker buyer zone, ETH is bouncing upward. There’s a downtrend line ahead, and we need to watch how price reacts if it reaches that line today. The main long triggers are at 4614 and 4756 – once price breaks and holds above these levels, we can look to open a long position. 🧮 The RSI oscillator is moving up from below 50, heading toward this static resistance. If RSI crosses above 50, ETH could gain momentum to the upside and potentially break the downtrend line. 🕯 In the recent leg, the size, volume, and number of red candles increased, but once price hit the maker buyer zone, sellers were absorbed. Buyers stepped in, preventing further correction – showing strong demand for cheaper ETH. The current 4H candle also has healthy volume; if it closes strong in the next 30 minutes, ETH could push toward resistance and test it. 💸 On the 1H ETH/BTC chart, we can see price sitting at a strong resistance zone. If we get a confirmed candle close above it, ETH’s multi-timeframe trend could turn bullish again. Volatility is increasing on the 1H chart, and if the resistance level on RSI is crossed, momentum for ETH/USDT could also turn upward. 🧠 For a long position, it’s better to wait for the downtrend line to break, which gives us a higher-probability setup to follow through with a long trade. ❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .