4-Hour Analysis:
Big Picture: Ethereum ended the session on a weaker note. Bulls were unable to capitalize on the opportunity, resulting in significant intra-day profit-taking. This, however, does not put the price action in danger. Before any hyper-move, Ethereum might re-test lower support levels and re-energize itself. To get bullish again and achieve higher levels strength above 1780 would be required.
![](https://bkcryptocrusher.com/wp-content/uploads/2022/09/ETH-4H-13th-Sept-1024x489.png)
On the Upside immediate resistance is being felt at 1780 breaking this would create room for a move towards 1820 next followed by 1865. These are strong intra-day resistances and could slow down the surge. However if momentum above 1865 persists a move towards 1920 remains on cards. This is a significant resistance level for Ethereum, expect aggressive profit-taking around this region.
On the Downside from 1700 through 1710, decent support is being offered. No 4-hourly candle has closed decisively below this support level. As a result, this level remains legitimate and firm. As long as bulls hold this level under control, there is minimal risk of a further drop; however, losing this support would expose Ethereum to 1680-1650, and possibly 1600.