analysis 📊Ethereum (ETH/USDT) Analysis – 1H Timeframe

[100%]

 

1. Overview of Current Market Situation

• Cryptocurrency: Ethereum (ETH)
• Exchange: Binance
• Pair: ETH/USDT
• Timeframe: 1 Hour (1H)
• Current Price: 2,466 USDT
• Market Sentiment: Bearish with local bullish retracement

---

2. Key Support and Resistance Zones

Resistance Zones (Red Zones):

• 2,700 – 2,800 USDT (Main Supply Zone, multiple rejections)
• 2,550 – 2,600 USDT (Fresh Resistance Zone – Previous Range Top)
• 2,480 – 2,500 USDT (Local Resistance, small reaction area)

Support Zones (Green Zones):

• 2,200 – 2,150 USDT (Key Demand Zone – Strong Bounce Area)
• 2,280 – 2,300 USDT (Fresh Support Zone – Local Liquidity Area)
• 2,140 USDT (Final Support Zone – Last Low before possible drop)

---

3. Price Action and Structure

• Ethereum is currently in a strong downtrend.
• The price rejected from the 2,700 USDT zone and started a significant dump.
• We can clearly see that ETH is creating lower highs and lower lows, confirming the bearish trend.
• The price tested the 2,140 USDT zone and bounced aggressively, forming a Bull Wick signal.
• However, the bounce seems weak with low volume, which indicates that this is only a small retracement before another wave down.

---

4. Volume and Market Momentum

• The largest volume spike happened during the 2,140 USDT bounce, showing that buyers are present in this area.
• Currently, the price is making a pullback with low volume, which is a sign of bearish continuation.
• If the price stays below 2,480 USDT, the bearish scenario is still active.

---

5. Strategy Recommendations

Short Opportunities:

• Short between 2,480 – 2,500 USDT (Local Supply Zone)
• Target: 2,300 – 2,280 USDT
• Stop Loss: 2,510 USDT
• Risk/Reward: 1:3 or higher

Long Opportunities (High Risk):

• Long near 2,200 – 2,150 USDT (Demand Zone)
• Target: 2,480 USDT
• Stop Loss: 2,140 USDT
• Risk/Reward: 1:4 or higher

---

6. Additional Observations

• If ETH breaks below 2,140 USDT, we can expect a strong dump to 2,000 USDT.
• Price will likely consolidate between 2,300 – 2,480 USDT before making the next bigger move.
• The trend is still bearish, and every pullback should be considered as a short opportunity until ETH breaks above 2,500 USDT.

---

7. Conclusion

• The best strategy right now is to look for short entries at supply zones.
• Longs are only recommended at key demand zones with tight stop losses.
• The main trend remains bearish, and the next targets are 2,300 USDT and 2,200 USDT.
• If ETH breaks below 2,140 USDT, the next target is 2,000 USDT.