Ethereum (ETH/USD) Technical Analysis and Trade SetupEthereumCRYPTO:ETHUSDLABA_GOLD_TRADINGOverview Timeframe: 1 Hour (1H) Current Price: ≈ $4,675 Structure: Upward ascending channel Trend Bias: Bullish (short-term), but potential retracement expected. 🧭 Key Levels Resistance Level: Around $4,700–$4,720 (upper boundary of the channel) Demand Zone (Support): $4,440 – $4,510 Target Point: $4,776 – $4,780 📊 Technical Interpretation Price Movement: ETH has been moving steadily in an upward channel. It recently hit the upper resistance of the channel and faced minor rejection — indicating a potential short-term pullback. Expected Correction: A retracement toward the demand zone (around $4,440–$4,510) is likely. This area coincides with previous consolidation and aligns with the lower trendline support. Possible Reversal Zone: Once price retests the demand zone, bullish pressure may return, targeting the upper resistance and the target level near $4,776. Trend Continuation Scenario: If ETH holds above $4,440, the bullish structure remains valid and price could retest $4,776 and potentially break higher. Invalidation: A 4H candle close below $4,438 would break the structure and suggest deeper downside toward $4,350. 🎯 Trading Plan (Conceptual) Buy Zone: $4,440 – $4,510 Take Profit: $4,770 – $4,800 Stop Loss: Below $4,430 Risk–Reward Ratio: ≈ 1:3 (favorable setup) 📈 Summary Short-term: Possible correction to demand zone Mid-term: Bullish continuation toward $4,776 Bias: Bullish above $4,440 / Bearish below $4,430