Technical analysis $ETH Bullish
today dated 15-3-20206 9:12 AM
Based on the ETH/USDT 1h chart from March 15, 2026, Ethereum is showing a classic "V-shaped" recovery attempt after a local dip. Here is the technical breakdown:
Current Price Action
Price: $2,101.24 (down slightly by -0.16% on the 24h).
Support & Resistance: * Immediate Support: Found at $2,061.60. This was the local bottom where buyers stepped in strongly.
Immediate Resistance: There is a wick rejection at $2,107.30. If it clears this, the next major hurdle is the previous high of $2,116.66.
Trend Analysis
The "V" Recovery: After falling from $2,116 down to $2,061, the price has climbed back up in a steady stair-step pattern. However, the last few hourly candles show long "upper wicks," suggesting that sellers are active as soon as the price crosses $2,105.
Volume: The volume bars at the bottom are relatively flat. To break past the $2,116 resistance, we need to see a significant spike in green volume (buying pressure) to confirm the move is sustainable.
#BTC #ETH #solana
today dated 15-3-20206 9:12 AM
Based on the ETH/USDT 1h chart from March 15, 2026, Ethereum is showing a classic "V-shaped" recovery attempt after a local dip. Here is the technical breakdown:
Current Price Action
Price: $2,101.24 (down slightly by -0.16% on the 24h).
Support & Resistance: * Immediate Support: Found at $2,061.60. This was the local bottom where buyers stepped in strongly.
Immediate Resistance: There is a wick rejection at $2,107.30. If it clears this, the next major hurdle is the previous high of $2,116.66.
Trend Analysis
The "V" Recovery: After falling from $2,116 down to $2,061, the price has climbed back up in a steady stair-step pattern. However, the last few hourly candles show long "upper wicks," suggesting that sellers are active as soon as the price crosses $2,105.
Volume: The volume bars at the bottom are relatively flat. To break past the $2,116 resistance, we need to see a significant spike in green volume (buying pressure) to confirm the move is sustainable.
#BTC #ETH #solana