#ETH ETH/USDT Update (1 Hour)
We indeed had an initial rebound from the support level, but the price failed to close above the key level of $3,381, which remains a strong resistance.
Currently, $ETH is retracing to the short-term support zone.
If we lose this current area, the next major reaction zone is around $3,200—where we might see a stronger rebound/demand intervention.
So the plan remains unchanged:
Bullish Scenario:
We need to reclaim $3,381 and close above it to change the short-term momentum.
Bearish Scenario:
If this support fails, we will look for long opportunities around $3,200.
⚠️ Patience is still required here—trends are not considered bullish until they reverse at $3,381.
We indeed had an initial rebound from the support level, but the price failed to close above the key level of $3,381, which remains a strong resistance.
Currently, $ETH is retracing to the short-term support zone.
If we lose this current area, the next major reaction zone is around $3,200—where we might see a stronger rebound/demand intervention.
So the plan remains unchanged:
Bullish Scenario:
We need to reclaim $3,381 and close above it to change the short-term momentum.
Bearish Scenario:
If this support fails, we will look for long opportunities around $3,200.
⚠️ Patience is still required here—trends are not considered bullish until they reverse at $3,381.
