ETHUSDT 4H | CONSOLIDATION Break UP or DOWN?

From the ETH/USDT (Ethereum) chart on the 4H (4-hour) timeframe you see, here’s a brief analysis of the support and resistance levels based on the existing price structure and horizontal lines:

1. Support:
• Main support around $1,751
This is visible from the purple horizontal line and previous price reactions that rejected further downside in this area.
• Minor support around $1,578 – $1,580
This area is marked below (also seen as a previous reaction zone). If the $1,751 support breaks, the price is likely to move toward this area.

2. Resistance:
• Strong resistance around $2,280 – $2,300
Marked by the thick purple horizontal line at the top. This is a significant area from a previous supply zone and could be a potential target if the price breaks upward.
• Minor resistance in the FVG 4H area (around $1,880 – $1,900)
This Fair Value Gap area could act as a balanced zone that often attracts price for a retest.
• Dynamic resistance:
• 200 MA (orange curved line): currently may also act as a dynamic resistance level.

Summary:
• The price is currently in a sideways/consolidation phase above the $1,751 support level.
• It’s important to watch whether the price will bounce from support or break downward toward $1,580.
• If the price starts to rise, the FVG 4H zone could be a short-term target, with the major resistance at $2,280 as the next potential target.

Remember trading is to manage your risk & reward
so do your own research