ETH 1H Analysis – Key Triggers Ahead | Day 2

💀 Hey , how's it going ? Come over here — Satoshi got something for you !

⏰ We’re analyzing BTC on the 4-hour timeframe timeframe .

👀 On the 1-hour Ethereum chart, after last night’s rally, ETH hit a new all-time high but was rejected and is now moving downward while maintaining its uptrend.

⚙️ Key RSI levels are 50 and 30. Breaking these levels with high volatility could trigger ETH’s next move in either direction.

🎮 Fibonacci drawn from the Jackson Hole event to ETH’s all-time high shows the 0.61 level as a key zone. Losing this could lead to a deeper correction. The 0 Fib level at $4,852 acts as a breakout zone for long trades.

🕯 Red candles are relatively large, but ETH’s pullback is milder than Bitcoin’s. It’s currently at a decision-making zone with a new structure forming.

🪙 ETHBTC pair shows whales are undecided after last night’s drop. The alarm zone for the ETH/BTC pair is at 0.04218; a break above could spark a new bullish leg for ETH.

🔔 ETH’s alarm zone for longs is at $4,852.52. A breakout here with increased volatility and volume could push ETH to higher highs.

❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .