$ETH

/USDT Technical Analysis Report (1H Chart)

Ethereum (ETH) has exhibited a dynamic recovery after hitting a sharp intraday low of $2,453.80, bouncing back to the $2,508 zone—up +0.43% as of the latest candle. This bounce signals strong buyer interest at the lower support level, forming a potential bullish reversal. The short-term outlook looks promising, especially after ETH struggled to break below the $2,450 support range and formed a solid green candle. With the RSI likely moving out of the oversold zone and MACD signaling a possible crossover (pending confirmation), traders should keep a close eye on the $2,542–$2,591 resistance band for the next breakout attempt.

Despite recent volatility, Ethereum maintains a high volume flow—over $2.11B in USDT traded in the past 24 hours—reflecting significant institutional and retail participation. The price has room to retest the $2,600–$2,680 region, provided bullish momentum continues. With 97% of market sentiment currently on the buy side, short-term scalpers and swing traders can explore long positions with tight stop losses below $2,450. A break above $2,591 could accelerate momentum toward the next key resistance at $2,680. This is a thrilling setup for technical traders looking for volatility-backed opportunities!