Total Quality
Score
If You Had Traded on This Analysis…
Correct
ETHUSDT
Entry 4,478.3900 2025-08-17 21:49 UTC
Target 4,150.0000 In 1 Days
Fail 4,887.0000
Risk / Reward 1 : 1
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Final PnL
7.33%
P/L:
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ETHUSDT
Correct
Cryptocurrency
Technical
1H
Analysis Predict Bear Market
Body
The analysis focuses on ETHUSD. As of August 17th, the asset is priced at approximately $4532. It has broken out of a resistance level dating back to March 2024, and it has been closing above the 4096 resistance for two consecutive weeks with increasing volume. The presenter anticipates a potential consolidation and pullback to $4100 - $4200 to backtest the resistance level. Also a consolidation expected to the end of the month. It also provides a look into the 1H timeframe with a potential up to the 4560, however a bearish sentiment is expected after a tap on that trend line. Going into 4H timeframe, there's a rejection area expected, the analyst expects the price to close red, this making the 4100-4200 price range the expected price action.
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