Ethereum Chart Analysis
On the 1-hour timeframe (1H), a clear bearish trend is visible. After a sharp decline from levels above 3400, the price of Ethereum entered a prolonged correction and consolidation phase. Currently, the asset is trading around $2945, trying to find solid ground beneath its feet.
Key support levels:
• $2892: An intermediate level where buyers previously showed activity.
• $2867: A local minimum. If the price breaks below this mark, the decline could accelerate to the $2700–$2800 zone.
Overall Context
Although the
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