Ethereum (ETH/USD) 4H Analysis – Preparing for a Major Bullish

🚀 Ethereum (ETH/USD) 4H Analysis – Preparing for a Major Bullish Move! 📈⚡

📊 Chart Overview:
Ethereum is currently forming a bullish structure on the 4H timeframe, setting up for a potential strong rebound from the key support zone between $2,385 – $2,434. The chart projects a two-leg correction followed by a rally toward $2,787 – $2,859 resistance, suggesting bullish momentum is building. 🔄💥

🔍 Key Technical Insights:

🟧 Major Support Zone ($2,385–$2,434)
This orange support block has been tested multiple times and is holding well. It’s a strong demand area where buyers are likely to step in again.

🔵 Current Price Action:
ETH is hovering around $2,519, with a possible dip toward the lower support zone before triggering a bounce. The bullish projection path (dotted line) suggests price may establish a higher low and begin a fresh uptrend. 📉➡️📈

🟪 Strong Resistance Ahead ($2,787–$2,859)
A large resistance cluster lies ahead, where previous rejections occurred. This zone will be critical — a clean break above could lead to significant upside continuation.

📐 Structure Overview:

Mid-range level: $2,679 (key pivot point)

Short-term resistance: $2,679

Target zone: $2,787–$2,859

Potential retracement base: $2,434–$2,385

📈 Projection Arrow:
Chart suggests a dip then a rally with potential bullish breakout — traders watching for a bullish confirmation pattern (double bottom, bullish engulfing, or breakout candle).

🧠 Conclusion:
ETH is nearing a buy zone for swing traders! A strong bounce from $2,434–$2,385 could offer a lucrative long opportunity toward the $2,850 region. A break above that resistance could open the door to a new bullish leg. 🚀📊

📌 Trade Setup Idea:
🔹 Entry: $2,440–$2,500
🎯 Target: $2,787 → $2,859
🛡️ SL: Below $2,385