10.9 ETH
📊 Today’s ETH market analysis
ETH may rebound for now, but this is just an hourly oversold bounce. I think the upside is very limited, so don’t get your hopes up too high.
After all, the two short-term moving averages on the 1-hour chart are still in a bearish crossover and diverging downward. The current confluence of resistance is in the 2510–2530 range, and the price is holding firmly below the moving averages. This rebound is just a breather in a bearish trend—a recovery after a sharp drop. $ETH
📊 Today’s ETH market analysis
ETH may rebound for now, but this is just an hourly oversold bounce. I think the upside is very limited, so don’t get your hopes up too high.
After all, the two short-term moving averages on the 1-hour chart are still in a bearish crossover and diverging downward. The current confluence of resistance is in the 2510–2530 range, and the price is holding firmly below the moving averages. This rebound is just a breather in a bearish trend—a recovery after a sharp drop. $ETH