Ethereum (ETH/USDT) Analysis – 4H Chart (OKX)

Ethereum (ETH/USDT) Analysis – 4H Chart (OKX)
Support Levels:
First support: 1,912 USDT
Next support: 1,911 USDT – 1,909 USDT
Key support: 1,889 USDT

Resistance Levels:
First resistance: 1,933 USDT (Supply Zone)
Next resistance: 2,048 USDT
Major resistance: 2,244 USDT (Fibonacci 0.382 zone)

Entry Points:
If the price holds above 1,911 - 1,912 USDT, it could be a Long entry opportunity.
If the price breaks 1,933 USDT with strong buying volume, it may test 2,048 USDT.
If the price drops below 1,889 USDT, selling pressure may increase.

Risk Assessment:
If the price breaks 1,889 USDT, it may drop further to 1,876 - 1,753 USDT.
Stop-loss should be placed below 1,876 USDT.

Trade Conditions:
ETH is currently in a consolidation phase, with key resistance at 1,933 USDT.
A breakout above this level could lead to a test of 2,048 USDT and beyond.
A breakdown below 1,889 USDT may trigger further selling pressure.

📌 Summary:
ETH is in a potential rebound phase. If it holds above 1,911 - 1,912 USDT, there is a chance for an uptrend. However, if it falls below 1,889 USDT, it could decline further. Watch out for volume and price action before making a trade decision. 🚀