Current Price: $2,629.69 Daily Range: $2,473.76 – $2,637.86 Change: +0.03%
Technical Overview:
The 1-hour chart of ETH shows a phase of consolidation. Most indicators are neutral or slightly bearish.
RSI: 54.93 (Neutral)
MACD: Showing weak signals
Stochastic RSI: 5.42 (Oversold zone)
Key Levels:
Support: $2,520 – $2,530
Resistance: $2,580 – $2,600
Trade Outlook:
If ETH breaks above $2,600 and holds, the next possible target is $2,745. However, a drop below $2,520 may lead to a retest of the $2,465 zone.
Summary:
ETH is hovering near a critical resistance zone. A breakout could lead to bullish continuation towards $2,745, while rejection might bring a short-term decline.
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Ethereum (ETH) – 1-Hour Chart Analysis
Current Price: $2,629.69
Daily Range: $2,473.76 – $2,637.86
Change: +0.03%
Technical Overview:
The 1-hour chart of ETH shows a phase of consolidation. Most indicators are neutral or slightly bearish.
RSI: 54.93 (Neutral)
MACD: Showing weak signals
Stochastic RSI: 5.42 (Oversold zone)
Key Levels:
Support: $2,520 – $2,530
Resistance: $2,580 – $2,600
Trade Outlook:
If ETH breaks above $2,600 and holds, the next possible target is $2,745.
However, a drop below $2,520 may lead to a retest of the $2,465 zone.
Summary:
ETH is hovering near a critical resistance zone. A breakout could lead to bullish continuation towards $2,745, while rejection might bring a short-term decline.