$ETH is showing signs of a rebound, but the 1-hour chart suggests sellers are still dominating. Ethereum is currently trading around $4,283, just under a heavy resistance zone at $4,388. The recent bounce from $4,100 was strong, but price stalled exactly where past breakdowns began — proving that sellers remain active.
📊 Key Levels
Resistance: $4,388
Supports: $4,242 and $4,060
EMA stack: Still bearish (20 < 50 < 200)
RSI: Neutral at 56.5
Order book imbalance: -45.1%, showing more sell walls than buy demand
⚡ Scenarios
Bullish: A breakout above $4,388 with strong volume could push $ETH toward $4,450–$4,500.
Bearish: Failure to clear resistance may drag ETH back toward $4,100 or even $4,060.
Here’s a chart of the ETH/USDT 1H key levels with resistance, supports, and the current price marked.
📌 Conclusion
The short-term bounce looks promising, but the bigger picture still favors sellers. ETH needs a strong breakout above resistance to flip sentiment.
👉 What’s your take?
Will ETH break $4,388 soon, or are we heading back down toward $4,100?
Share your opinion below you are also good traders.
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