📊 Technical Analysis of Ethereum (ETH) — Time Frame: One Hour
Current Price: $2,525.49
Percentage Change: -0.20%
Highest Price: $2,534.49
Lowest Price: Around $2,510
📈 Notes from the Chart:
The price started a clear upward movement towards 2,534.49$ and then faced selling pressure at this point.
The consecutive decline formed a series of converging lows before the price attempted to recover some of its losses.
Currently, there is fluctuation within a narrow range between 2,510$ and $2,530.
📉 Current Trend:
Short-term trend: Sideways with a downward bias.
Critical Support Level: $2,510
Strong Resistance Level: $2,534
📌 Advice for Traders:
Monitor price behavior near $2,510; breaking below it may push the price towards $2,490.
A price increase and stabilization above 2,534$ with strong trading volume is considered a positive signal to target 2,550$ then $2,580.
⚠️ Note:
The short time frame reflects volatile momentary movements and does not reflect the complete daily trend. It is preferable to trade cautiously and confirm breakout or breakdown levels.
