4-Hour Analysis:
Big Picture: Ethereum has provoked another breakout and has so far held it well. The longer price is above the 1680 level, the more likely the trend will continue. Re-tests back into 1680-1650 with a strong rebound, on the other hand, would result in strong confirmations of breakout. Furthermore, a Golden-Cross formation between EMA-200 and EMA 50 is expected in the 4-hour time frame. This will be another good indication for the short-term trend.
![](https://bkcryptocrusher.com/wp-content/uploads/2022/09/ETH-4H-9th-Sept-1024x512.png)
On the Upside the initial resistance comes at 1720, followed by 1740. Breaking this would take price towards 1780 and 1820. At these levels, price is expected to encounter significant profit-taking. However, additional momentum over 1820 reopens the 1820-2020 range, with a handful of resistances in between.
On the Downside multiple supports are observed between 1680 and 1650. These levels will be used for re-testing. Ideally, Ethereum should not lose them, or else this momentum could swiftly dissipate. However, below 1650, the next support is indicated around 1620 in the shape of the 4-hourly EMA-200, followed by 1600.