$ETH /USDT – 1H Chart Analysis



Price is at $1,992, down 0.89% today. A small drop, but the structure is looking weak.

On the 1H chart, price is trading below all three EMAs – EMA5 at $1,998, EMA10 at $2,002, and EMA30 at $2,010. Bearish structure confirmed.

Resistance is at $2,000, then $2,014 and $2,028. Support sits at $1,991 (24H low), then $1,986.

RSI(6) at 34.4 – getting close to oversold. RSI12 at 37.9, RSI24 at 41.1. All below 50, showing weak momentum across the board.

Volume is moderate at $205M.

What I think: ETH is in a clear downtrend on 1H. It broke below $2,000 and is now testing the $1,991 low. RSI suggests a small bounce could happen soon, but the trend remains bearish until price reclaims $2,000 or higher. A break below $1,991 could push toward $1,986 or lower.

Bias: Bearish below EMAs. Watching for bounce or breakdown.
#ArthurHayesSeesHYPEOvertakingSOL
ETH-2.1%
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