Ethereum and a Very Critical Resistance

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Ethereum and a Very Critical ResistanceEthereum / TetherUSBINANCE:ETHUSDTSatoshimultiframe👋🏻 Hey everyone! Hope you’re doing great! Welcome to SatoshiFrame channel. ✨ Today we’re diving into the 4-Hour Ethereum analysis. Stay tuned and follow along! 🪙 In the 4-hour timeframe, Ethereum is positioned below a key resistance at $3,627. Breaking this level could push the price upward and extend the ongoing multi-timeframe bullish leg into higher timeframes such as the 4-hour and daily charts. 📊 The volume of Ethereum has increased after touching the maker-buyer zone, and this volume expansion has remained consistent as it broke its multi-timeframe resistances. Currently, to break through the marked resistance zone in the chart, Ethereum needs strong volume and whale candles. 🧮 On the RSI oscillator in the 4-hour timeframe, we can see the oscillation remains below the 70 zone and hasn’t crossed it yet. The 70 level itself aligns with the $3,627 resistance area, making it a crucial zone to watch. ✍️ You can read the possible scenarios for Ethereum in the continuation of the analysis, but what’s important to note is that this zone may come with a fakeout, and we might hit a few stop-losses, so proper capital and risk management is essential. ✅ Long Position Scenario: A breakout above the $3,627 resistance zone, accompanied by sustained buying volume and the RSI crossing above 70, could form a solid setup for an Ethereum long position. If this scenario plays out, a small stop-loss size would be suitable for the trade. ❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .