$ETH /USDC – What’s happening? (1h)

ETH bounced off the level of 1751 USDC and shot up to 1851 USDC 🚀 Now the price is balancing around 1830 USDC – the market has calmed down for now.

What do we see on the chart?

Support: 1750–1790 USDC – this is where buyers entered strongly

Resistance: 1850–1855 USDC – a barrier that the market cannot break through

RSI: neutral – neither overbought nor oversold

MACD: still a buy signal, but the strength of the move is decreasing

Volume: lower than during the rise – possible slowdown

What could this mean?

The uptrend continues, but the strength is somewhat weakening. If ETH does not break 1850, a correction towards 1790 may occur. Breaking the resistance could open the way higher!

Remember:

This is just a market observation, not investment advice! Always analyze on your own and control your risk ⚠️