$ETH /USDT (1h Timeframe) Analysis
The chart shows that ETH is currently in a short-term weak phase, but overall still moving in a range-bound structure.
1️⃣ Price Action
Current price is around $3,108.
ETH made a high at $3,179, but after that it started forming lower highs, which shows short-term weakness.
Immediate support lies between $3,066 – $3,072 (strong demand zone).
Major support below is around $3,011.
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2️⃣ RSI (6) – 41
RSI is mid-range, not overbought or oversold.
If RSI moves near 30 while price hits support, a bounce is likely.
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3️⃣ Trend Summary
ETH is in a retracement on the 1h chart.
As long as price holds above $3,066, upside bounce is possible.
If price breaks below $3,066, the next drop can be toward $3,011.
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4️⃣ Short-Term Expectations
Bounce zone: $3,072 – $3,090
Breakdown zone: Below $3,066 → drop toward $3,011
Upside targets on bounce: $3,133 → $3,160
