📉 Technical Analysis – ETH/USDT (1H)
🧾 General Context
Ethereum (ETH) continues to consolidate after a long bullish leg. Currently, it is testing critical support of volume and confluence of moving averages between $3785 and $3805. The price shows signs of indecision, with a neutral short-term trend and weakening momentum.
🔍 Technical Indicators
🔸 Ichimoku Cloud
Price is touching the base of the cloud (Kijun and Senkou Span A).
The cloud ahead is narrow and sideways, indicating consolidation.
🔸 Bollinger Bands
The price is at the lower limit of the band, suggesting a condition of selling surprise or the beginning of a reversal.
🔸 Stochastic RSI
Is in the oversold zone (15.50 / 21.76), which may indicate a potential upward reversal if there is confirmation of buying strength.
🔸 MACD
Lines are below the zero line but starting to curve for a possible bullish crossover.
The histogram is losing selling strength, indicating a possible loss of downward momentum.
🧱 Relevant Levels
Supports:
• $3785 (currently tested level)
• $3726 (last VPVR support line)
• $3520–$3600 (liquidity gap)
• Strong support: $3000–$3100
Resistances:
• $3805 (BB average + immediate resistance)
• $3885 (top of the Bollinger band)
• $3960 (last local top)
📈 Strategic Scenario
ETH is testing a decisive support level, with buying pressure starting to creep in, but still without confirmation.
A break below $3726 with volume could generate a more pronounced corrective movement towards the $3520 region or below.
On the other hand, a strong bounce from the current support could lead ETH to quickly retest $3885–$3960.
✅ Final Summary
Ethereum is in a critical zone, consolidating after a bullish trend. Indicators suggest a possible short-term reaction, but confirmation of buying volume is still needed. Losing the $3726 area could invalidate this scenario and open space for a sharper decline.