Ethereum (ETH/USD) 4-hour chart Technical AnalysisEthereumCRYPTO:ETHUSDHarry_MegatThis Ethereum (ETH/USD) 4-hour chart presents a **bullish setup**. Let’s break it down: **Chart Overview:** * **Price at the time of chart:** \~\$3,650 * **Support Zone:** \~\$3,615–3,630 (highlighted in green box) * **Indicators:** * **EMA 7 (Red):** \~\$3,653.87 * **EMA 21 (Blue):** \~\$3,669.75 * **Bullish Signal:** Large upward green arrow suggests expectation of a breakout rally from current support. **Technical Analysis:** **1. Bullish Bounce at Support** * ETH tested the **horizontal support zone** multiple times, showing strong demand. * The recent candle shows a **wick rejection** from the support zone — indicating buyer strength. **2. Moving Averages** * Price is trying to reclaim above the **EMA7**, with EMA21 nearby (\~\$3,670). * A **bullish crossover** or strong candle close above both EMAs could confirm upside continuation. **3. Structure** * Previous resistance (\~\$3,615) has turned into **new support** — a classic bullish flip. * The large green arrow projects a **potential breakout move**, targeting higher highs possibly above **\$3,750+**, then **\$3,900+**. **Trade Setup Idea:** | Type | Entry | Stop Loss | Take Profit 1 | Take Profit 2 | | Long | \$3,655–3,660 | Below \$3,600 | \$3,750 | \$3,900+ | **Watch Out For:** * Rejection near EMA21 (\$3,670) * False breakout if volume is weak * Macro risk or sudden BTC movement dragging ETH **Conclusion:** The chart signals a **bullish bias** if ETH maintains above the support zone and reclaims both EMAs. A clean break above \~\$3,670–3,700 could spark further upside toward \$3,900+.