$ETH

Current Status (Ethereum)

Current Price: $3,569.81

Highest Price in 24 Hours: $3,608.30

Lowest Price in 24 Hours: $3,477.58

Last Short Peak: $3,581.92

We noticed a rapid decline and downward correction after the last peak.

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🔥 Technical Analysis on the Immediate Frame

✅ Positive Signals

The overall trend in the picture is upward after the bottom at $3,541.63.

The price managed to surpass previous levels before the recent decline, indicating good buying strength.

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🔴 Negative Signals

The last 3 candles show clear selling pressure after reaching the level of $3,581.92, which is a signal for temporary profit-taking.

The correction dropped the price to around $3,566 and it is now trying to hold.

If the current support does not hold, the price may test:

First Support at $3,557

Strong Support at $3,548 - $3,541

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🔮 Expected Price Path in the Near Future (1-3 Hours)

🟢 Positive Scenario (Relatively Likely)

If the support holds at $3,566 - $3,557, we may see a rebound towards:

$3,580 (Testing Previous Resistance)

And if it is consistently broken, a short target at $3,600 - $3,608

🔴 Negative Scenario

Breaking the current support at $3,566 may push the price towards:

$3,548 - $3,541 (Potential Buying Area for Speculators)

Any break of this level may open the door for a larger drop to $3,530