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$ETH USDT | 1H Technical Outlook
ETH is currently trading around $3,316, showing a short-term stabilization after a pullback from the $3,403 local high.
đ Key Technical Observations:
Price is hovering near MA(7) but still below MA(25) â short-term momentum is neutral to slightly weak
MA(99) around $3,195 remains a strong higher-timeframe support
Recent sell-off looks corrective, not a full trend reversal (so far)
Volume has cooled down â market waiting for direction
đ Important Levels to Watch:
Resistance: $3,330 â $3,360
Major Resistance: $3,400
Support: $3,290 â $3,270
Strong Support: $3,200 (trend-defining level)
đ Bullish Scenario:
A clean reclaim and hold above $3,330 could open the door for a move back toward $3,380â$3,400.
đ Bearish Scenario:
Failure to hold $3,290 may lead to a deeper pullback toward $3,200 support.
â ď¸ Trade smart: ETH is at a decision zone â confirmation > prediction. Manage risk and avoid over-leverage.
đŹ Bias check: Are you looking for a bounce here or waiting for a deeper retest?
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