$ETH /USDT Technical Analysis – 1H Chart



Current Price: ~$2,281.16
**24h Change:** -2.12%
**24h Range:** $2,263.70 – $2,345.80

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Trend & Moving Averages:
Price is trading below all major EMAs (EMA5, EMA10, EMA30), indicating short-term bearish momentum.
EMA30 at $2,305.82 is acting as resistance.

RSI (Bearish Momentum):

· RSI(6): 32.35
· RSI(12): 30.00
· RSI(24): 34.43

All values are near or below 30 — approaching oversold territory, but still showing selling pressure.

Volume:
Low volume (89.69) suggests weak buying interest at current levels.

Key Levels:

· Immediate support: ~$2,263.70 (24h low)
· Next support: ~$2,247.77
· Resistance: $2,295 – $2,305 (EMA30 zone)

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Conclusion:
Bearish in the short term. Price is making lower highs/lows. A break below $2,263 could see further downside toward $2,247. If RSI recovers from oversold levels, a bounce back to $2,305 is possible, but trend remains weak until price reclaims EMA30.

Ideal for: Waiting for confirmation (support hold or break) before entering.
#GateSquareMayTradingShare
ETH-3.03%
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