🕐 Ethereum Hourly Analysis – Bulls Defend $3,650, But What’s Next?

Ethereum$ETH

(ETH) continues its battle within a tight range, showing signs of both strength and caution. Over the last hour, ETH has traded between $3,650 and $3,720, with bulls aggressively defending key support levels, hinting at a potential short-term breakout.

📉 Price Action Overview:

ETH$ETH recently rejected resistance at $3,750, causing a slight pullback. However, bulls stepped in quickly at the $3,650 zone, preventing a deeper decline. This consolidation suggests that Ethereum is building strength for the next leg up, provided Bitcoin remains stable.

📊 Size Chart:

Price Level Type Comment

$3,650 Key Support Bull defense zone

$3,720 Short-term Res Hourly rejection point

$3,750 Major Barrier Needs breakout for momentum

$3,800+ Target Level Next bull target

📈 Technical Indicators (1H):

RSI: 54 (neutral but rising)

MACD: Bullish crossover forming

Volume: Increasing on green candles – buyer interest visible

EMA (50/100): Price trading above both – bullish short-term trend

🧠 Market Sentiment:

Traders are watching for a clean breakout above $3,750 to confirm continuation. A failure to hold $3,650 could bring a retest of $3,580. Ethereum’s strength will likely mirror Bitcoin’s direction in the coming hours.

🔍 Conclusion:

ETH$ETH is currently in a bullish structure on the hourly chart, but momentum needs to build. Stay alert for volume spikes and RSI breakouts to catch the move early.

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