📊 $ETH /USDT Market Update – 4H Chart
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💰 Current Price: $1,826.36
📉 Market Context:
Ethereum is trading near the lower end of a descending channel, with price holding just above a key demand zone. RSI is showing early signs of bullish divergence, hinting at possible slowing bearish momentum.
📈 Major Resistance Levels:
🔴 $1,900 – Immediate resistance
🔴 $2,000 – Key psychological level
🔴 $2,200 – Upper channel resistance
📉 Major Support Levels:
🟢 $1,820 – Current support zone
🟢 $1,750 – Next demand area
🟢 $1,700 – Strong historical support
📊 Indicator Insight:
RSI at 30.57 is near oversold. A hidden bullish divergence is forming, which could signal a potential trend reversal if confirmed by price action.