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🧠 Technical Executive Summary (1H Chart)
1. Overall Trend: Short-Term Bearish
As of now, ETH is showing bearish signals on the 1-hour chart.
Indicators like MACD, RSI, and Moving Averages (12 MA/EMA) are leaning bearish.
Price recently broke below the 20–200 SMA zone — suggesting weakness.
2. Possibility of a Short-Term Reversal
Some tools suggest if ETH closes above $2,650, then we might see a recovery toward:
$2,780 → $2,910 → $3,080 (medium-term bullish targets).
3. Key Support / Resistance Levels
Type Price Levels Notes
📉 Support $2,450 – $2,410 Strong demand zone if bearish continues
📈 Resistance $2,620 – $2,650 Critical to reclaim for bullish confirmation
💰 Price Now ~$2,463 Consolidating after sharp drop
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✅ Trading Ideas (1H)
🟥 Bearish Scenario:
If ETH stays below $2,620, and indicators remain bearish:
Sell below: $2,600
Target: $2,450 → $2,410
Stop Loss: $2,630
🟩 Bullish Breakout Scenario:
If ETH closes above $2,650 on 1H, reversal likely:
Buy above: $2,650
Target: $2,780 → $2,910
Stop Loss: $2,620
⚪ Neutral Zone / Wait:
ETH is currently ranging between $2,440 – $2,620
Wait for a clear breakout or breakdown.
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📊 Summary:
Current trend: Bearish on 1H
Watch levels closely:
Bullish if above $2,650
Bearish if below $2,450
Risk Management is key — use tight Stop Losses due to high volatility.
#eth#