Get started
Ethereum / TetherUS
Updated

ETH/USDT 1H: Testing $2,900 Support After Bearish Breakdown

170

  1. Chart timeframe: 1H ETH/USDT analysis.
  2. Current price: $2,996, down 0.79%.
  3. Key levels:

  • Resistance: $3,130 (previous equilibrium).
  • Support: $2,900 (next major level).

  1. Price action:

  • Significant bearish breakdown from the $3,300 level.
  • Multiple support levels broken, indicating strong selling pressure.

  1. RSI analysis: Likely oversold on lower timeframes, suggesting potential for a short-term bounce.
  2. Trend outlook: Overall bearish, with no clear reversal signals yet.
  3. Setup rating: 3/10 – wait for stabilization and volume confirmation before considering entries.

What’s your plan for ETH – watching or trading this zone? 📉📈
Order cancelled
Cryptokijker
Chart PatternsETHUSDTTechnical IndicatorsTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsETHUSDTTechnical IndicatorsTrend Analysis
Cryptokijker

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.