🔍 Technical Analysis (1H) $ETH

1. Current Trend:

• The price corrected from $4,888 and is now consolidating around $4,720.

• EMA(7) and EMA(25) are flattening, showing a pause in the bearish pressure.

2. Supports and Resistances:

• Key support: $4,620 – $4,700

• Immediate resistance: $4,850 – $4,920

3. Volume:

• Volume has decreased after the bullish impulse, indicating ongoing consolidation.

4. MACD:

• It remains in negative territory but with a loss of bearish strength, a possible upward crossover if it respects support.

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✅ Conclusion:

• ETH is in a consolidation phase after the strong rise.

• The support at $4,700 is crucial to determine if it continues upward or extends the correction.

#eth