$ETH Trading strategy on the 1-hour timeframe based on current technical indicators and price action:

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1. ETH / USDT Market Overview:

• Current Market Price: $1,761

• Trend: Sideways with bearish pressure near resistance zones

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2. ETH / USDT Technical Analysts:

• MACD: Histogram negative but flattening, signal line nearing a potential bullish crossover

• Stochastic RSI: Cooling down from overbought zone (~71), indicating possible short-term consolidation

• EMA: Price near EMA21 ($1,763), facing resistance; EMA50 acting as dynamic support at $1,749

Supports: $1,721 (local low), $1,672 (EMA200 confluence)

Resistances: $1,782 (liquidity cluster), $1,812 (dense liquidation block), $1,838 (recent high)

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3. $ETH / USDT Spot Trading Setup:

• Buying Zone: $1,735–$1,750 (EMA50 area, demand zone)

• TP1: $1,782 (liquidity pocket)

• TP2: $1,812 (heavy resistance)

• TP3: $1,838 (swing high)

• SL: Below $1,720 (break of structure + support loss)

Best Course of Action: Buy – ETH is holding EMA levels and structure, suggesting accumulation near support zones.

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4. $ETH / USDT Futures Trading Setup:

• Long Entry: $1,735–$1,750

• TP1: $1,782 (resistance + heatmap zone)

• TP2: $1,812 (liquidity absorption area)

• TP3: $1,838 (top of the range)

• SL: Below $1,720 (loss of bullish structure)

• Short Entry: $1,812–$1,838

• TP1: $1,782 (initial breakdown)

• TP2: $1,750 (midrange)

• TP3: $1,721 (demand zone)

• SL: Above $1,845 (invalidates top resistance zone)

Best Course of Action: Long – ETH bouncing off strong support, with indicators showing early signs of reversal.

[Note: This post does not constitute financial advice. Please evaluate all risks and make investment decisions based on your own informed judgment.]