#我的Gate eth📊 4-Hour Level Technical Analysis Detailed Explanation



Support and Resistance

· Immediate Support: $1,585 (0.786 Fibonacci retracement level); $1,556 (Bollinger Band lower band)
· Key Support: $1,508—if broken, the cumulative long liquidation intensity on mainstream CEXs will reach $627 million
· Immediate Resistance: $1,597–1,613 (Ichimoku Kinko Hyo base line / Bollinger Band upper band)
· Key Resistance: $1,642 (0.618 Fibonacci retracement level, repeatedly tested and failed on the 4-hour chart); $1,664—if broken, short liquidation intensity will reach $603 million

Moving Average System

The price has just risen above the Bollinger Band middle band ($1,580), but is still suppressed by EMA15/30; EMA50 at $1,618.7, EMA200 at $1,778.89, both above the current price, forming a typical bearish alignment, and the medium-term trend remains bearish.
ETH0.80%
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