ETHUSDT ANALYSIS
Timeframe: 15 minutes
Current price: ~$1791.93
Quick Analysis:
Price structure: The chart shows a range-bound market — price is moving sideways between roughly 1780 - 1810.
Recent action: Sharp rejection above 1830 followed by lower highs and lower lows, but now price is trying to bounce back above 1790.
Scenarios:
1. Bullish Scenario:
If ETH holds above 1790 and breaks above 1800 with volume, it could try to retest 1810-1820.
Breakout confirmation would come if price clears 1810 with strength.
Targets: 1805, 1810, then 1820.
2. Bearish Scenario:
If ETH fails to reclaim 1800 and loses 1785 support, it could drop fast towards 1770-1760.
MACD would likely cross down again if rejection happens at 1795-1800 area.
Targets: 1775, 1765, possibly 1750.
Key Levels to Watch:
Support: 1785, 1770, 1750
Resistance: 1800, 1810, 1825