1-Hour Timeframe Analysis:
Current Price: ~2,537 USDT
Support Levels:
2523.58 USDT (Current local support level, as marked in green on the chart. The price is bouncing off this support).
If 2523 USDT breaks, we could see a drop to the next key support around 2,400-2,342 USDT.
Resistance Levels:
2,551.19 USDT is the immediate resistance level.
Above that, 2,669.32 USDT could be the next significant level to watch for, where sellers might step in again.
Trend: The 1-hour trend seems to be attempting a recovery after holding above the 2523.58 support level. A break above 2,551 USDT would indicate short-term bullish momentum, with a potential test of 2,669 USDT.
4-Hour Timeframe Analysis:
Current Price: ~2,537 USDT
Support Levels:
The primary support is at 2523.58 USDT, which aligns with the short-term support level. A breakdown below this level could accelerate losses toward 2,401-2,342 USDT.
If the market structure weakens further, 2,400 USDT will become a major support zone.
Resistance Levels:
The immediate resistance on the 4-hour timeframe is at 2,551 USDT.
Beyond that, 2,669 USDT serves as a significant mid-range resistance level.
2771.56 USDT (9.23%) is a key resistance zone on the chart and represents the next higher level that Ethereum could aim for if it gains momentum.
Trend: The 4-hour chart appears to be in a consolidation phase after the recent drop. A push above 2,551 USDT could signal an attempt to reverse the trend and move toward higher levels, especially 2,771 USDT.
Daily Timeframe Analysis:
Current Price: ~2,537 USDT
Support Levels:
2,523 USDT is the key local support level.
If this support is breached, the next key zone would be around 2,400-2,342 USDT, which could act as a strong buffer zone on the daily chart.
Resistance Levels:
2,551 USDT is the immediate resistance on the daily chart, followed by 2,669 USDT.
A breakout above 2,771.56 USDT could push Ethereum toward the upper resistances around 3,026-3,295 USDT.
3,149.29 USDT and 3,368.96 USDT are further resistance levels to watch if bullish momentum strengthens significantly.
Trend: The daily chart shows that Ethereum is still in a broader consolidation, but the price remains above critical support zones. If the daily price manages to hold above 2,523 USDT and retests the 2,669-2,771 USDT range, it could signal the start of a bullish move back toward the 3,000+ USDT levels.
Final Thoughts:
1-Hour: The focus is on a potential breakout above 2,551 USDT, which could send ETH toward 2,669 USDT. Watch for support holding at 2,523 USDT.
4-Hour: The trend is sideways to slightly bullish, with the potential to test 2,771 USDT if the price breaks above 2,551-2,669 USDT.
Daily: Consolidation between 2,400-2,771 USDT. A break above 2,771 USDT could push ETH into a more bullish phase, targeting 3,026 USDT and beyond.
The critical levels of 2,523 USDT (support) and 2,551-2,771 USDT (resistance) will define the next moves for Ethereum. Keep an eye on these for confirmation of the next trend direction.
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