#ETH $ETH
ETH/USDC on the 1H shows a consolidation phase after a strong rebound from the 1.740 area. The price remains above the EMA 25 and is struggling with the EMA 99 area, around 2.090, a resistance that has already rejected the upward movement several times.
The structure remains one of higher lows, a sign that sellers are losing control, while buyers are defending higher and higher. The volume has decreased compared to the upward impulse, which suggests accumulation, not distribution.
The RSI is close to 50, a neutral area, typical before a larger movement. The MACD is still below zero, but the lines are close to a possible bullish cross, which often precedes a breakout.
Scenarios: If ETH closes above 2.100 on the 1H with volume, the next area of interest is 2.180–2.220.
If it gets rejected again, the 2.000–1.980 area remains the main support where buying reactions can be sought.
It is not yet a breakout, but the structure shows preparation for a directional move. In such areas, step-in entries are safer than all-in.
#ETH #Crypto #Binance #TechnicalAnalysis #Altcoins
ETH/USDC on the 1H shows a consolidation phase after a strong rebound from the 1.740 area. The price remains above the EMA 25 and is struggling with the EMA 99 area, around 2.090, a resistance that has already rejected the upward movement several times.
The structure remains one of higher lows, a sign that sellers are losing control, while buyers are defending higher and higher. The volume has decreased compared to the upward impulse, which suggests accumulation, not distribution.
The RSI is close to 50, a neutral area, typical before a larger movement. The MACD is still below zero, but the lines are close to a possible bullish cross, which often precedes a breakout.
Scenarios: If ETH closes above 2.100 on the 1H with volume, the next area of interest is 2.180–2.220.
If it gets rejected again, the 2.000–1.980 area remains the main support where buying reactions can be sought.
It is not yet a breakout, but the structure shows preparation for a directional move. In such areas, step-in entries are safer than all-in.
#ETH #Crypto #Binance #TechnicalAnalysis #Altcoins