ETH + FOMC = Volatility Ahead ? 🔥
Ethereum at Make-or-Break Zone: $4,100 Support in Focus!
Ethereum (ETH/USDT) on the 4H timeframe is showing a decisive battle between bulls and bears. After topping near $4,700, ETH has been in a steady downtrend, respecting the descending trendline.
🔑 Key Levels to Watch
* Immediate Support: $4,100 – $4,150 (0.5 Fib retracement)
* Major Support: $3,950 – $4,000 (0.618 Fib retracement)
* Resistance Zone: $4,300 – $4,350 (descending trendline)
* Major Resistance: $4,600 – $4,700 (recent swing high)
📈 Bullish Scenario
✅ A breakout above $4,300 trendline resistance could trigger strong momentum toward $4,500 - $4,600.
✅ Holding $4,100 support will keep buyers in control.
📉 Bearish Scenario
❌ If ETH fails to hold $4,100, expect a deeper retracement toward $4,000 (0.618 Fib).
❌ A break below $3,950 may extend the fall to $3,700 – $3,600.
⚠️ Market Note
📌 Today’s FOMC meeting could heavily impact the crypto market trend.
Expect volatility as Fed commentary on interest rates may guide ETH’s next major move.
⚖️ Conclusion
ETH is at a critical support zone where the next move will define short-term direction.
* Above $4,300 → Bulls regain control.
* Below $4,100 → Bears target $4,000 and lower.
Ethereum at Make-or-Break Zone: $4,100 Support in Focus!
Ethereum (ETH/USDT) on the 4H timeframe is showing a decisive battle between bulls and bears. After topping near $4,700, ETH has been in a steady downtrend, respecting the descending trendline.
🔑 Key Levels to Watch
* Immediate Support: $4,100 – $4,150 (0.5 Fib retracement)
* Major Support: $3,950 – $4,000 (0.618 Fib retracement)
* Resistance Zone: $4,300 – $4,350 (descending trendline)
* Major Resistance: $4,600 – $4,700 (recent swing high)
📈 Bullish Scenario
✅ A breakout above $4,300 trendline resistance could trigger strong momentum toward $4,500 - $4,600.
✅ Holding $4,100 support will keep buyers in control.
📉 Bearish Scenario
❌ If ETH fails to hold $4,100, expect a deeper retracement toward $4,000 (0.618 Fib).
❌ A break below $3,950 may extend the fall to $3,700 – $3,600.
⚠️ Market Note
📌 Today’s FOMC meeting could heavily impact the crypto market trend.
Expect volatility as Fed commentary on interest rates may guide ETH’s next major move.
⚖️ Conclusion
ETH is at a critical support zone where the next move will define short-term direction.
* Above $4,300 → Bulls regain control.
* Below $4,100 → Bears target $4,000 and lower.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.