$ETH Pullback After Local High
Ethereum is trading around $2,677, almost flat on the session. The 1-hour chart shows a strong recovery from the $2,635.54 low, followed by a sharp move toward the recent high near $2,749.66.
After reaching $2,749.66, sellers stepped in aggressively. ETH has now pulled back toward $2,677, giving back a significant portion of the latest upward move. This makes the current area important for determining whether buyers can stabilize price or whether the correction continues.
The first resistance to watch is around $2,692–$2,721. Reclaiming this zone could restore short-term momentum and bring the recent high of $2,749.66 back into focus.
On the downside, $2,650–$2,635 is the major support region visible on the chart. The $2,635.54 level was the recent swing low and remains an important reference point. Holding above this area could keep the broader recovery structure intact.
For now, ETH is in a short-term pullback after a strong rally. The reaction around $2,650–$2,677 should be watched closely. A stabilization here could lead to another attempt toward higher resistance, while a decisive breakdown below $2,635.54 would weaken the current recovery structure.
Key Levels:
Resistance: $2,692 / $2,721 / $2,749.66
Support: $2,650 / $2,635.54
Ethereum is trading around $2,677, almost flat on the session. The 1-hour chart shows a strong recovery from the $2,635.54 low, followed by a sharp move toward the recent high near $2,749.66.
After reaching $2,749.66, sellers stepped in aggressively. ETH has now pulled back toward $2,677, giving back a significant portion of the latest upward move. This makes the current area important for determining whether buyers can stabilize price or whether the correction continues.
The first resistance to watch is around $2,692–$2,721. Reclaiming this zone could restore short-term momentum and bring the recent high of $2,749.66 back into focus.
On the downside, $2,650–$2,635 is the major support region visible on the chart. The $2,635.54 level was the recent swing low and remains an important reference point. Holding above this area could keep the broader recovery structure intact.
For now, ETH is in a short-term pullback after a strong rally. The reaction around $2,650–$2,677 should be watched closely. A stabilization here could lead to another attempt toward higher resistance, while a decisive breakdown below $2,635.54 would weaken the current recovery structure.
Key Levels:
Resistance: $2,692 / $2,721 / $2,749.66
Support: $2,650 / $2,635.54
