i convert usdt to $VET you mentioned in your post

I’ve carefully studied ETH/USDT 4-hour chart. Let’s break this down into support, resistance, next possible move, and overall updates:

🔹 Current Status

Price: 4,534 USDT

Trend: After touching 4,769 (recent high), ETH is making lower highs → mild downtrend / consolidation.

Candle structure: Sellers are showing pressure near 4,570 – 4,600 zone.

🔹 Support Levels

Immediate support: 4,465 – 4,480 (recent base)

Strong support: 4,355 – 4,370 (last big dip & buying zone)

Major support: 4,270 (previous breakout level)

🔹 Resistance Levels

Immediate resistance: 4,575 – 4,600

Next resistance: 4,685 – 4,700 (close to recent top rejection)

Major resistance: 4,769 – 4,794 (swing high & breakout point)

🔹 Indicators & Volume

MA (5) = 36,488, MA (10) = 47,589 → shorter MA is below longer MA, showing short-term weakness.

Volume: Declining after the big spike, showing traders are waiting for direction.

RSI/Momentum (not shown but implied from price action): Likely neutral to slightly bearish.

🔹 Next Expected Move

If ETH holds above 4,465 → sideways to bullish recovery toward 4,575 → 4,685.

If ETH breaks below 4,465 with volume → correction possible to 4,355 – 4,270 zone.

Bullish confirmation only above 4,600–4,685 (then retest 4,769).

🔹 Trading Updates

For long traders (buyers): Safer entry near 4,355 – 4,370 support zone, or breakout above 4,600–4,685 with volume.

For short traders (sellers): Resistance at 4,575–4,600 is a short-term selling zone until price closes strongly above it.

✅ Summary: $ETH is currently in range-bound consolidation between 4,465 – 4,600.
Breakout above 4,600 → retest 4,685 – 4,769.
Breakdown below 4,465 → retest 4,355 – 4,270

#ETH
#BTC
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