ETH/USDT at Key Demand Zone–Bullish Reversal or Deeper Pullback?

yesterday

Ethereum (ETH/USDT) on the 4H timeframe is trading near a critical demand zone after pulling back from resistance.

Key technical notes:

Bullish trendline supported recent upward moves

Bearish trendline currently limiting upside momentum

Price is consolidating between demand zone (4,200 – 4,300) and resistance (4,600 – 4,800)

If demand holds, ETH could rally back toward 4,600 – 4,800 resistance

A breakdown below demand may lead to a retest of the 4,000 support level

📌 The structure suggests a potential bullish reversal, but confirmation is required with a break of the bearish trendline and demand reaction.

This analysis is for educational purposes only. Always use proper risk management and do your own research before trading.

9 hours ago

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