Signal alert ETH
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๐ง ETHUSDT โ 1 Hour Technical Analysis
Long
Entry Only above 3,700 (confirmed breakout)
TP 3,760 SL3,600 Low Risk
Current Price: $3,626.12
24h Change: -5.98%
Trend: Bearish
๐ Price Structure & Market Behavior:
ETH is in a clear short-term downtrend, continuously making lower highs and lower lows.
Current price is attempting a minor bounce from the local low of $3,583, but no significant reversal signal has been confirmed.
Previous support zones have turned into resistance, especially around $3,698โ3,763.
๐ Key Technical Indicators:
๐ก RSI (6-period): 27.72
This value is in oversold territory (<30), which often leads to a short-term bounce, but it's not a reversal signal alone.
๐ด MACD:
MACD = -7.35
MACD and Signal lines are deeply negative and still trending downward. Histogram is slightly flattening, but no bullish crossover yet.
๐ต Moving Averages (MA5 & MA10):
MA(5) = 299,409
MA(10) = 275,759
Price is still below both short-term MAs.
Trend is firmly bearish.
๐ป Volume Analysis:
High sell volume has dominated the chart recently.
Current candles show low bullish volume, suggesting this bounce could be weak or short-lived.
โ Decision Time: Long or Short?
Signal Entry Zone (TP) (SL) Confidence
โ Short 3,650 3,585 โ SL: 3,700 High โ
โ Long Only above 3,700 (confirmed breakout) TP1: 3,760 โ TP2: 3,820 SL: 3,600 Low Risk โ ๏ธ
๐ Professional Verdict: โ SHORT
> Enter SHORT positions on weak green candles between 3,635โ3,650, with a tight SL near 3,700.
Reason:
Market is in a strong bearish trend.
RSI is oversold, but bounce is weak.
No reversal signs in MACD or price action.
Most likely: bounce fails and price revisits $3,585 or lower.
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