$ETH Trading strategy on the 1-hour timeframe based on current technical indicators and price action:

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1. ETH / USDT Market Overview:

• Current Market Price: $1,738

• Trend: Bearish (price below EMA21, EMA50, and declining momentum)

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2. ETH / USDT Technical analysts:

• Stochastic RSI: Deep in oversold (< 5), weak momentum

• MACD: Strong bearish divergence, histogram deeply red

• RSI(14): Near 34, indicating oversold pressure but no bounce

Supports:

• $1,726 – Previous liquidity cluster and local bottom

• $1,663 – EMA200 zone acting as deeper support

Resistance:

• $1,750 – EMA50 & recent breakdown zone

• $1,769 – EMA21 and confluence resistance

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3. $ETH / USDT Spot Trading Setup:

• Buying Zone: $1,715–$1,730 (oversold with major liquidation wick)

• TP1: $1,750 – First resistance (EMA50)

• TP2: $1,769 – EMA21 reclaim and bounce target

• TP3: $1,800 – Range top resistance

• SL: Below $1,710 – Invalidates support zone

————ETH / USDT SPOT Trading Best Course of Action:

Buy – Oversold levels + support zone entry gives good R:R setup for short-term spot bounce.

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4. $ETH / USDT Futures Trading Setup:

• Long Entry: $1,715–$1,730

• TP1: $1,750 – EMA reclaim

• TP2: $1,769 – EMA21 test

• TP3: $1,800 – Mid-range ceiling

• SL: $1,710 – Breaks structure

• Short Entry: $1,769–$1,790 (if price retests resistances)

• TP1: $1,750 – Quick rejection level

• TP2: $1,730 – Breakdown support

• TP3: $1,700 – Psychological and structural zone

• SL: Above $1,800 – Invalidates setup

————ETH / USDT FUTURE Trading Best Course of Action:

Short – Trend is bearish with no bullish confirmation yet; look to short lower highs on retests.

[Note: This post does not constitute financial advice. Please evaluate all risks and make investment decisions based on your own informed judgment.]