Looking at ETH/USDT, it’s currently trading at $2,303.60, down 4.36% for the day. The price has been trending down, and it’s close to the 24h low of $2,252, which is a key support level to watch.

On the 1-hour chart, ETH is still below the EMAs (7, 10, 14), which are clustered around $2,302 to $2,309. This means ETH is facing resistance in that range, and it hasn’t been able to break through convincingly. Price action is leaning bearish for the moment.

From the pivot points and standard deviations:

- Resistance is first seen at $2,454, with additional resistance at $2,470 and $2,485, meaning if ETH bounces, it’ll have to push through multiple resistance levels.

- On the support side, we’re looking at the first support at $2,364, but with ETH already below that, next levels to watch are $2,340 and $2,306, which are close to where the price is hovering now.

The order book shows about 75% buy-side volume, indicating some buying interest around these levels, but overall momentum still looks bearish given the wider trend.

Summary:

- ETH is struggling to break through short-term EMAs and faces resistance between $2,302 and $2,309.

- If it breaks below $2,252, we could see ETH head toward $2,230 and potentially lower.

- However, if it manages to reclaim $2,310, it might make a push toward $2,340 and $2,360, but expect heavy resistance as it climbs.

Keep a close eye on the $2,252 support zone—if it breaks, there’s likely more downside ahead.#NeiroOnBinance #BinanceLaunchpoolHMSTR #ETH🔥🔥🔥🔥 #Write2Earn!