📊 Technical Analysis $ETH 1H

✅ Overview of Trends

Current Price: ETH is trading around $2,638.44, slightly up from the previous session.

Near Resistance: The $2,700–$2,800 range is considered a strong resistance area, where ETH has been rejected multiple times in May.

Important Support: The $2,450–$2,477 range is a strong support area, where the price has bounced back several times in recent sessions.

📈 Models and Technical Indicators

Symmetrical Triangle Pattern: ETH is forming a symmetrical triangle pattern on the 1H timeframe, indicating accumulation and the potential for a breakout in the near future.

RSI Indicator: The RSI on the 1H timeframe is hovering around the neutral level, indicating that the market does not have a clear trend yet.

📌 Day Trading Outlook

🔼 Long Scenario (Buy)

Entry Conditions: If ETH breaks and closes the 1H candle above $2,700 with increased trading volume, a buy order may be considered.

Profit Target: $2,800 – $2,900.

Stop Loss: Below $2,650.

🔽 Short Scenario (Sell)

Entry Conditions: If ETH fails to break the $2,700 resistance area and a bearish reversal signal appears on the 1H timeframe, a sell order may be considered.

Profit Target: $2,500 – $2,450.

Stop Loss: Above $2,700.