ETH/USDT 1H Analysis 🚨

Ethereum just followed BTC with a sharp breakdown and strong sell pressure.

📉 Current Price: 1,861

🔻 Down -5.93%

🕯 Recent low around 1,847

🔎 Technical Overview (1H)

EMA(7): 1,908

EMA(25): 1,943

EMA(99): 1,962

Price is trading below all major EMAs, confirming short-term bearish control.

Clear rejection from the 1,950 zone before the breakdown.

Structure shifted from consolidation → breakdown with high volume spike (possible liquidation move).

Trend on 1H = Bearish

📊 Indicators

🔻 MACD: Strong bearish expansion, momentum accelerating

🔻 RSI(6): 13.94 → Deep oversold

🔻 Stoch RSI: Near bottom

Market is in panic mode.

Oversold conditions increase chance of short-term bounce — but trend still bearish unless structure changes.

📌 Key Levels

🛑 Support: 1,845 → 1,820 zone

If this breaks, next leg down possible.

🔄 Resistance: 1,910 → 1,950

Any bounce likely faces selling pressure here.

💭 My View

ETH is weak on 1H.

Short-term relief bounce possible due to extreme RSI, but continuation lower is possible if buyers don’t step in strongly.

Volatility high — risk management is key.

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