Looking at the 1H chart, Ethereum is struggling to maintain momentum after hitting that $2,039 resistance. We are currently trading below the MA(99) (the purple line), which often signals a short-term bearish trend.
The volume is picking up on the sell side, and we are seeing a -1.30% slide today. If we don’t hold the $1,950 level, we might be looking at a retest of the $1,941 local bottom.
Support: $1,954 / $1,941
Resistance: $1,991 (MA25)
What’s your move? Are you buying this "discount" or waiting for a clearer reversal? 👇
#ETH #CryptoTrading #TechnicalAnalysis
ETH
1,981.97
-1.15%