ETH/USDT 4H Chart Review

📌 1. Market Structure
🔹 Medium-Term Trend

After a sharp decline to around 1850, we have:
a higher low
a reaction to the uptrend line
Current price: ~1990 USDT
Short-term structure = consolidation in the 1900–2060 channel

Trend:

🔸 Local: neutral

🔸 Medium-term: slightly bullish (higher lows)

🟢 2. Key Levels
🟩 Resistance:

2011 – local resistance
2062 – strong resistance (last downtrend)
2139 – main structural resistance

🔴 Support:

1951 – current short-term support
1903 – strong support
1851 – key low

📈 3. Trendline

Price Respects the ascending trend line.
The last reaction was close to it – the bulls are defending the structure.

⚠️ If 1950 breaks, a test of 1900 is very likely.
If the trend continues, an attack on the 2010–2060 level is possible.

📊 4. Indicators
🔵 Stochastic RSI

Exiting the oversold zone
Potential short-term rebound signal
This supports the 2010–2020 approach scenario.

🔵 MACD

Histogram still red
Lines still below zero
Downward momentum weakening
There is no full bullish signal yet.

🎯 Scenarios
🟢 Bullish Scenario:

Condition:
4-hour candle close above 2011

Targets:
2060
2130+

🔴 Bearish Scenario:

Condition:
Loss of 1950

Targets:
1900
1850