#etherreum 🚨🚨🚨 ETH 1-HOUR ⏳ Timeframe 🚨🚨$ETH

Support and Resistance Levels:

‼️‼️ Analyzing the Latest Patterns and Potential Moves ‼️‼️

Current Analysis:

• Resistance Levels:

• Primary Resistance: $3613.9 - This level is acting as strong resistance with a trend strength of 5.38 and an angle of 6°, indicating a 3.18% distance.

• Support Levels:

• Primary Support: $3401.87 - This level is providing strong support with a trend strength of 3.75 and an angle of 4°, indicating a 2.87% distance.

• Secondary Support: $3472.39 - This level also acts as support with a trend strength of 3.13 and an angle of 16°, indicating a 0.86% distance.

• Current Price Level: $3,502.23 - ETH is trading between the support levels and resistance, facing significant pressure.

Latest Patterns:

• Trend Analysis:

• The trend indicators for 50 bars show a sideways trend with an angle of -7°.

• For 100, 150, and 200 bars, the trend varies between sideways with slight inclinations and declines, indicating mixed signals.

• Identified Patterns:

• Anti-Butterfly, Anti-Crab, Anti-Shark: These patterns suggest potential reversal zones and areas of consolidation.

• ABC Pattern: This indicates potential corrective waves in the current trend.

Potential Moves:

• Elliott Wave Theory:

• According to Elliott wave theory, ETH might be in a corrective phase. Monitoring ETH’s movement towards the support and resistance zones is crucial.

• Price Projection:

• ETH may attempt to test the resistance level at $3613.9 if it gains bullish momentum. However, the overall mixed trend suggests potential for sideways movement or a slight decline if it fails to break this resistance.

Important Note: Always remember the importance of capital management and avoiding greed.

ETH Analysis (ETHUSDT), 1-Hour Timeframe ⏰

Don’t forget to set a stop loss for any positions you plan to open.#Alert🔴 #altcycle #coinanalysis #CryptoTradingGuide