Is this a good time to buy $ETH ?
Looking at the 1-hour chart for ETH/USDT:
Pros:
The current price of $1,473.12 is very close to the 24h low of $1,454.63, which might present a potential bounce opportunity.
There seems to be support around the $1,411.01 level.
Cons:
ETH is currently trading below all major moving averages (MA7, MA25, MA99), indicating a strong bearish trend.
Trading volume doesn’t show strong buyer activity yet — no clear confirmation of a reversal.
ETH is down -5.40% today, and the longer-term volume trends (7, 30, 90 days) show consistent declines.
RSI and MACD are not visible in the screenshot, but based on the trend, RSI is likely in oversold territory — not necessarily a buy signal without confirmation.
Conclusion:
This could be a good entry point for a small position, but it’s not an ideal time to go in heavy without signs of trend reversal.
A better strategy might be to wait for a confirmation, like a break above the 7 MA or a double bottom formation near $1,410.