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$eth
ETH/USD Technical Analysis (4H)
ETH remains in a broader downtrend but is showing signs of a short-term recovery after rebounding from the 1,545–1,560 support zone. Price is currently trading around 1,724, holding above the key 1,676 support level, which could act as the base for the next bullish leg.
A successful hold above 1,676 may trigger a move toward 1,755, followed by the major resistance zone at 1,917–1,936. The chart structure suggests a potential impulsive advance if buyers maintain momentum.
On the downside, a break below 1,676 would weaken the bullish outlook and expose ETH to a retest of 1,636 and 1,545 support levels. Traders should watch price reaction around the highlighted support zone for confirmation of the next directional move.
Key Levels
Support: 1,676 | 1,636 | 1,545
Resistance: 1,755 | 1,917 | 1,936
Bias: Short-term bullish above 1,676; bearish below it.