📊 ETH/USDT Technical Analysis (4H) 🚀 | Bullish Retracement Before Expansion?

Ethereum is currently trading inside a corrective phase after facing strong rejection from the 1,983 resistance zone. The previous bullish channel has been broken, shifting the market into a short-term consolidation. However, the overall higher-timeframe structure remains constructive as long as the key demand area holds.

🔍 Market Structure
📉 Price failed to break above 1,983 resistance, leading to a healthy pullback.
⚖️ The market is now ranging with lower highs, showing temporary bearish momentum.
🟢 A major Order Block (1,750–1,780) is positioned below current price and could attract buyers if tested.
📈 The projected path suggests a final liquidity sweep into the demand zone before a strong bullish continuation.
🎯 Key Levels
🔴 Resistance: 1,983
🟢 Order Block / Demand: 1,750 – 1,780
🛡️ Major Support: 1,548
📌 Trading Outlook

✅ If ETH retraces into the Order Block and prints a bullish confirmation (engulfing candle, strong rejection wick, or higher low), buyers could regain control.

🚀 A successful rebound may target:

TP1: 1,900
TP2: 1,983 (major resistance)
TP3: Higher highs if resistance is broken with strong volume.

⚠️ If the Order Block fails, downside pressure could extend toward the 1,548 support before any larger bullish recovery.

💡 Conclusion

The chart favors patience over chasing. A controlled pullback into the demand zone offers a higher-probability buying opportunity. Watch for bullish confirmation before entering, as the overall setup still supports a potential continuation toward the 1,983 resistance. 📈🔥