ETHUSD (1H Chart)


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Analysis :



Market Structure

  • Ascending Triangle Formation :ETH is forming higher lows while facing resistance near $1,959.
  • Bullish Bias : The price is respecting the rising trendline, indicating buyers are stepping in at higher levels.
  • Key Resistance Area (Red Zone) :Around $1,950 - $1,960, price has faced multiple rejections.

Key Levels to Watch

Support Levels (Demand Zones)

$1,880 - $1,890 → Immediate support at the rising trendline.

$1,850 → Stronger support; if trendline breaks, ETH may test this level.

$1,820 → If ETH drops further, this would be a major support area.

Resistance Levels (Supply Zones)

$1,950 - $1,960 → Strong resistance; ETH needs to break above for bullish continuation.

$2,000 Psychological Level → If ETH breaks above $1,960, $2,000 is the next key target.

Bullish Breakout (High Probability)

If ETH breaks above $1,960 with strong volume, expect a move toward $2,000 - $2,020. Confirmation: A strong bullish candle closing above resistance.

Bearish Breakdown (Medium Probability)

If ETH breaks below the ascending trendline (~$1,880), it could drop to $1,850 or $1,820. A bearish confirmation would be a strong close below $1,880.

Happy Trading!



Note: This analysis is for educational and informational purposes only and should not be considered financial advice. Trading in Forex, commodities, and indices involves a high level of risk and may not be suitable for all investors. Before engaging in live trading, ensure you have a clear risk management strategy and consult a licensed financial advisor if necessary. You are responsible for your trading decisions.