$ETH /USDT – 1H Chart Analysis



Price is at $1,981, down 4.33% today.

On the 1H chart, price is far below all three WMAs. WMA5 at $1,997, WMA10 at $2,010, WMA20 at $2,030. Strong bearish structure.

Resistance: $2,002 then $2,053. Support: $1,967 then $1,950.

RSI(6) at 11.5 – extremely oversold. RSI12 at 18.6, RSI24 at 26.9. All deep in oversold territory.

Volume is $419M – moderate.

What I think: ETH is in a sharp downtrend, breaking below $2,000. RSI at 11 is extremely low – a bounce is highly likely soon, probably toward $1,997–$2,010. But trend remains bearish until price reclaims WMAs.

Bias: Bearish but extremely oversold. Expect a bounce.
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ETH-4.23%
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