🔍 #ETH brief analysis (1H, Binance)
📉 Price: $3,792.90
🔻 -1.56% over the hour — a local correction is occurring after the rise.
📊 Indicators:
Parabolic SAR above the candles → ⚠️ signal for decline
RSI(6) = 42.86 → ⚠️ weakness of buyers, zone closer to oversold
MACD around zero, weak bullish signal, but no divergence → market is indecisive
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📌 Conclusion:
➡️ ETH is in a sideways trend with a downward slope.
🛡 Support: $3,745 – $3,716
📈 Growth is possible if $3,745 is held and $3,820 is broken
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🧭 Forecast for the coming hours:
📉 If $3,745 is broken — a pullback to $3,700 is possible
📈 If returning above $3,820 with volume — growth to $3,870 is possible
#ETH #BinanceSquare #CryptoAnalysis