📊 ETH/USDT Market Update – 1H Timeframe
Ethereum is currently trading around $1,954 after facing strong rejection from the recent high near $2,103. The price dropped sharply and tested the $1,928 support zone, where some short-term stabilization is happening.
🔎 Technical Overview:
Price is trading below MA(25) and MA(99), indicating bearish momentum.
MA(25)** around $2,010 is acting as dynamic resistance.
Immediate support: $1,928 – $1,940
Next support: $1,900
Immediate resistance: $1,990 – $2,010
📉 Volume spiked during the sell-off, confirming strong seller pressure. OBV is still trending downward, showing distribution.
👉 If
$ETH holds above $1,928, we may see a short-term bounce toward $2,000+.
👉 A breakdown below $1,928 could push price toward the $1,880–$1,900 area.
⚠️ Trade smart, manage your risk, and always use a stop loss.
What’s your bias on ETH right now — Relief bounce or more downside?
— Ahmad Javed
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