Analysis By Onlytradings.com

Instrument: ETHUSDT

Time Frame: 4 Hour

Exchange: Bitget

Trading Type: Swing Trading

Let me explain a simple trading idea using the 4-hour chart for Ethereum.

First, it's important to note that Ethereum still exhibits a Bearish Order Flow. Even if the market shows signs of a reversal (from Bearish to Bullish), recognizing and responding flexibly to the ongoing Bearish Order Flow is crucial.

To summarize:

1. Approach buying conservatively until Ethereum breaks out of the downward trendline.
2. Within the $2800 to $2650 range, focus on range trading within the established box pattern.