Technical Analysis (ETH/USD - 1H Chart)
Ethereum is in a downtrend, with a key Point of Interest (POI) around the $2,340 - $2,370 zone, highlighted in red. Price is expected to pull back into this resistance area before continuing downward. A bearish rejection from this level could push ETH towards the $2,080 target area, aligning with previous demand zones.
Key Levels:
- Resistance (POI): $2,340 - $2,370
- Support (Target Area): $2,080
Watch for rejection signs in the POI before entering short positions.
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Ethereum is in a downtrend, with a key Point of Interest (POI) around the $2,340 - $2,370 zone, highlighted in red. Price is expected to pull back into this resistance area before continuing downward. A bearish rejection from this level could push ETH towards the $2,080 target area, aligning with previous demand zones.
Key Levels:
- Resistance (POI): $2,340 - $2,370
- Support (Target Area): $2,080
Watch for rejection signs in the POI before entering short positions.
If you enjoy, press the like button.
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