ETH/USD 1HOUR CHART TECHNICAL ANALYSIS NEXT MOVE POSSIBLE.

This chart represents an Ethereum (ETH/USD) technical analysis on the 1-hour timeframe. Here’s what it indicates:

Key Points in the Chart:

1. Buy Zone (Support Area) → Around 2,000-2,050:

Price previously found strong support in this region, meaning buyers stepped in aggressively.

The chart suggests that price bounced from this area, confirming it as a demand zone.



2. Sell Zone (Resistance Area) → Around 2,400-2,500:

This zone is highlighted as a potential area where selling pressure could emerge.

Price may struggle to break above this level, making it a target for traders looking to take profit.



3. Lower Risk Sell Zone (~2,700-2,800):

This is an extended resistance area where selling could be safer with lower risk.

It suggests that if price continues to rise, a short position might be better at this level.



4. Expected Price Movement:

The blue arrows indicate a projected bullish move from the Buy Zone to the Sell Zone before a possible rejection.

Traders might look to enter long (buy) positions near the Buy Zone and exit or go short near the Sell Zone.




Trading Strategy Based on This Analysis:

Long (Buy) from Buy Zone (~2,000) → Target Sell Zone (~2,400-2,500).

**Short (