$ETH – H1 Market Structure Update
Ethereum has shifted from impulsive strength into a range-bound consolidation on the H1 timeframe. After the sharp bullish move, price is capped by a well-defended resistance at 3,380–3,420, with multiple rejections confirming active sell pressure.
Price action shows overlapping swings and equal highs, signaling consolidation rather than trend continuation. On the downside, 3,260–3,280 remains a key demand zone, supported by rising EMAs. As long as this area holds, pullbacks remain corrective.
Momentum is fading on both sides, indicating volatility compression and a coiling market.
Key Levels
• Resistance: 3,380–3,420
• Support: 3,260–3,280
Bias
• Below resistance: Neutral → short-term bearish
• Above 3,420 with acceptance: Bullish continuation
• Loss of support: Opens 3,200–3,150
Until the range resolves, ETH is best traded reactively at the extremes, not directionally.
