๐ฃ $ETH /USDT โ 1H Technical Breakdown
Current Price: $2,575.70
24H Change: +0.97% ๐
๐ Trend Summary:
ETH/USDT is trying to climb back after its recent drop toward $2,436.98. Price is now testing the edge of a short-term recovery zone but facing resistance around the MA99 area.
๐ Moving Averages:
โข MA 20: $2,541.38 โ recently reclaimed as initial support.
โข MA 50: $2,534.69 โ short-term bullish flip forming.
โข MA 99: $2,577.98 โ acting as near-term resistance cap.
๐ง Key Observations:
โข Volume remains modest; bulls lack strong momentum for breakout yet.
โข ETH is battling to reclaim $2,577-$2,579 zone, which can trigger further upside if broken.
โข Holding above MA20 keeps short-term buyers slightly in control.
๐ฉ TL;DR:
Trend: Mild recovery but still neutral
Resistance Zones: $2,579 โ $2,609
Support Zones: $2,541 โ $2,512
Breakout Watch: Clean breakout above $2,579 with volume needed for upside continuation.
๐ก Recommendations / Suggestions:
โข Monitor breakout above $2,579 for stronger bullish momentum.
โข Safer long entries could form near $2,541 support zone if price pulls back.
โข Drop below $2,512 may shift short-term bias to bearish again.
โ ๏ธ DYOR โ Do Your Own Research. This is not financial advice. Always trade responsibly and manage risk carefully.
