Ethereum Bulls Fading🚨
Will ETH Hold $3,400 or Drop Below
$ETH /USDT Analysis – 1-Hour Chart
Current Price: $3,435.50
Ethereum is showing signs of weakness after failing to maintain momentum above $3,509. ETH could face more selling pressure if it fails to reclaim resistance.
Key Levels to Watch📊
Resistance Levels:
$3,447.89 – Immediate resistance; needs to break for bullish confirmation.
$3,507.50 – Critical breakout zone; pushing above this could fuel a rally toward $3,519–$3,569.
Support Levels:
$3,375.98 – First Fibonacci support; holding this could attract buyers.
$3,313.88 – Key emotional support zone; losing this may cause panic selling.
Chart Analysis 📊
Double-Top Pattern Emerging: ETH is showing signs of forming a double-top pattern, which could lead to bearish pressure if support fails.
Prediction💲
ETH may test $3,375 if it fails to break above $3,447. A breakdown below $3,375 could push ETH toward $3,313.
reclaiming $3,447 may reignite bullish momentum toward $3,500–$3,519.