🧠 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.
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