📊 What This Chart Is Showing (ETH/USDT – 1H)
Current Price: ~$1,823
Trend: Short-term bearish
Price is trading below EMA 50 & EMA 200 → strong downside pressure.
RSI ~31 → Close to oversold (but not fully there yet).
MACD still negative → Momentum is weak, bears still in control.
Recent low around $1,811 → Key support level.
Resistance zone around $1,880–$1,920.
👉 Overall: ETH is in a downtrend, bouncing slightly but no confirmed reversal yet.
If $1,811 breaks, we could see further downside.
If buyers reclaim $1,880+, short-term recovery possible.
Now here’s your ready-to-post Binance Square content — clean, strong, engaging 👇
🚨 ETH Update – Bulls or More Pain?
$ETH is currently trading around $1,823 on the 1H timeframe.
🔻 Price is below EMA50 & EMA200 – trend still bearish.
📉 MACD remains negative – momentum favors sellers.
⚠️ RSI near 31 – approaching oversold territory.
Key levels to watch:
🟢 Support: $1,811
🔴 Resistance: $1,880 – $1,920
If $1,811 breaks, we may see another leg down.
If bulls reclaim $1,880+, short-term relief rally possible.
Patience is key here. No clear reversal confirmation yet.
What’s your move — buying the dip or waiting for confirmation? 👀
#ETH #Ethereum #Altcoins #CryptoTrading
#TechnicalAnalysis #ETHUSDT #MarketUpdate #TradingView $BTC $SOL $BNB