Hello, traders and crypto enthusiasts! This time, we will thoroughly analyze the price movement of Ethereum (ETH) against USDT based on the 1-hour (1H) chart showing trading data on Binance. The current price of ETH is at 1,790.90 USDT, with an increase of 5.60% or equivalent to Rp30,215,276.8 in the last 24 hours. Let's dissect this chart casually yet deeply!

#### **Price Trends and Technical Indicators**

From the chart, it appears that ETH/USDT has just experienced a significant decline from its peak at 2,184.11 USDT around March 15, 2025, before finally hitting a low at 1,651.66 USDT. Now, the price is trying to recover and showing signs of a rebound with a 5.60% increase. However, is this a strong recovery signal or just a temporary correction?

1. **Bollinger Bands (BOLL)**: The Bollinger Bands on the chart indicate that the price touched the lower band (Lower Band) at 1,440.68 USDT before turning upward. Currently, the price is between the Middle Band (1,626.00) and Upper Band (1,811.31). This indicates that ETH is currently in a consolidation phase after high volatility, with the potential to test the Upper Band if bullish momentum continues.

2. **Moving Averages (MA)**: The chart shows MA(5) at 1,385.05 and MA(10) at 1,548.96. The current price (1,790.90) is above both MAs, which is a short-term bullish signal. However, we need to be cautious because MA(5) is still below MA(10), indicating that the short-term trend is not fully stable.

3. **Relative Strength Index (RSI)**: RSI(6) is at 75.83, indicating that ETH is in an *overbought* condition. This is a warning that the price may have risen too high in a short time, and there is a risk of a downward correction if selling pressure emerges.

4. **Trading Volume**: Volume in the last 24 hours reached 1.07 million ETH or equivalent to 1.90 billion USDT. This volume is quite large, indicating high market interest in ETH. However, the volume graph at the bottom shows a decline in buying volume (green) compared to previous peaks, which could be a sign that bullish momentum is starting to weaken.

#### **Price Movement Analysis**

If we draw a broad line, ETH/USDT is currently in a recovery phase after a sharp decline. The price briefly broke below the key support level at 1,795.22 before finally rebounding. Now, the nearest resistance level is at 1,952.22, and if ETH can break through this level, we could see a movement towards 2,184.11 again. However, with the RSI already overbought, there is a possibility that the price will correct first to the support level at 1,651.56 if selling pressure increases.

#### **Trading Strategy**

For those who enjoy short-term trading, here are a few points to consider:

- **Entry Point**: If you are bullish, wait for a confirmation breakout above 1,811.31 (Upper Band Bollinger) with strong volume. This could be a signal to enter a buy position with a target at 1,952.22.

- **Stop Loss**: Place the stop loss below 1,651.56 to anticipate a deeper correction.

- **Beware of Corrections**: With the RSI at 75.83, it's best to avoid FOMO (fear of missing out). If the price starts to show signs of reversal, such as a bearish candlestick with high volume, consider taking profit or preparing to enter a sell position.

#### **Conclusion**

The current movement of ETH/USDT shows potential recovery, but there is a risk of correction due to the overbought RSI indicator. The volatility of the crypto market is always challenging, so make sure you trade with good risk management. Monitor volume and price movements around the mentioned support and resistance levels. I hope this analysis helps, and happy trading, friends. #CryptoMarketCapBackTo$3T #MarketRebound $ETH