ETHUSD (Ethereum) 4H Analysis: Range Structure Signals Potential Breakout or Breakdown

🔍 Market Overview

On the 4H timeframe, ETHUSD is showing recovery momentum after a strong bounce from the lower demand zone. Price action suggests short-term bullish strength, but the presence of a major supply zone above keeps the market in a critical decision phase.

Currently currency exchange trading, Ethereum is trading near 2959, moving toward a key resistance region. This area is crucial as it can either trigger a bullish continuation or result in a bearish rejection.

📈 Technical Structure Breakdown

🔹 Pattern Identified:

Range-Bound Market with Supply & Demand Zones

Price respecting major demand and supply areas
Buyers defending lower levels aggressively
Sellers active near higher resistance zones

🔹 Key Levels:

Major Resistance / Supply Zone: 3180 – 3250
Immediate Resistance: 3100 – 3150
Immediate Support: 2950 – 2900
Strong Demand Zone: 2700 – 2750

✅ BUY Trade Plan (Bullish Scenario)

📌 Condition:

Only enter BUY if price breaks and closes above 3250 on the 4H timeframe.

Buy Entry: Above 3250
Stop Loss: 3100
Target 1: 3500
Target 2: 3750
Extended Target: 3900 – 3920

📈 Logic:

A confirmed breakout above the major supply zone indicates strong bullish continuation. This can attract momentum traders and institutional participation, pushing ETH toward higher targets.

❌ SELL Trade Plan (Bearish Scenario)

📌 Condition:

SELL only if price breaks and closes below 2900 on the 4H timeframe.

Sell Entry: Below 2900
Stop Loss: 3180
Target 1: 2800
Target 2: 2750
Extended Target: 2700

📉 Logic:

Failure to break resistance followed by a support breakdown may lead to aggressive selling as liquidity is triggered below the demand zone. For such kind of valuable information, and educational content on currency exchange trading, global traders, stay connected with Pipze, best forex trading platform.