$ETH /USDT Analysis (1H Timeframe): 🔻
• Current Price: $1,762.69
• 24H Range: $1,761.68 (Low) – $1,833.55 (High)
• Trend: Short-term bearish
• EMA Indicators:
• EMA(9): $1,793.23
• EMA(21): $1,802.42
Price is trading below both EMAs, indicating a bearish trend.
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Key Support Levels:
• $1,761 – $1,755: Closest support zone; price is currently hovering just above this level.
• $1,731 – $1,725: Previous dip level, strong support zone. A break below could lead to deeper correction.
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Key Resistance Levels:
• $1,786 – $1,800: First major resistance, aligning with EMA(21).
• $1,820 – $1,835: Next strong resistance; recent high with selling pressure.
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Indicators:
• RSI(30): 36.48 — nearing oversold, potential for a short-term bounce.
• MACD: (not shown but implied by momentum) likely bearish crossover.
• Volume: Increasing on the drop = confirmation of bearish momentum.
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Market Sentiment:
• Bias remains bearish unless ETH reclaims $1,800 with volume.
• Traders should watch for a double bottom at $1,731 or a breakdown below support.
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