ETH 1H Update – Why the Dip? 📉
$ETH is trading near $1,824, down $1,870), turning it into dynamic resistance. Volume spikes on red candles suggest distribution rather than accumulation. As long as ETH stays under $1,870–$1,900, bears have the edge, with immediate support at $1,811 and psychological support around $1,800. A clean break below could open $1,760–$1,720 liquidity zones.
Macro and sentiment factors are also pressuring price. BTC weakness typically drags ETH lower, and risk-off mood in global markets reduces appetite for altcoins. Funding rates have cooled, and short-term traders are de-risking after recent volatility. Additionally, profit-taking after prior rebounds and declining 7-day/30-day performance metrics (-7% / -38%) show broader trend pressure. For recovery, bulls must reclaim $1,900 with strong volume and flip it into support. Until then, rallies may face selling pressure. Trade safe, manage risk, and watch volume confirmation before positioning.BTCDropsbelow$63K
#SOL #BTC #AAVE