ETH/USDT Analysis – June 20, 11:30 UTC

⏱️ Timeframe: 5 minutes

💰 Current price: $2,488.76

📉 24h Change: -0.30%

🔎 Current trend: Bearish

$ETH has been retracing from $2,569, hitting a key support at $2,476. The current bounce seems technical, limited by nearby resistances:

MA(25): $2,497

MA(99): $2,536

📊 Volume: Increased slightly in the last candles, but not enough to confirm a trend change.

🔮 What to expect in the next hour?

📌 Likely scenario:

Bounce towards $2,495 – $2,500 with possible rejection and fall back to the support of $2,476. If it breaks that level, we could see ETH near $2,460 - $2,450.

📌 Alternative scenario (less likely):

If the price strongly exceeds $2,500 with volume, it could seek the area of $2,510 - $2,520.

🚨 Attention traders:

The current bounce is weak. We do not confirm a reversal until we see sustained closes above $2,500.

📍 Key support: $2,476

📍 Critical resistance: $2,500