$ETH ETHUSDT Market Update (1H Timeframe)
Ethereum is facing strong selling pressure on the 1-hour chart. The price recently dropped sharply and is now close to a key support zone. The market appears weak, but this area may still react.
Current Market Structure
ETH is clearly in a downtrend.
Lower highs and lower lows are still present.
Buyers have not shown strong control yet.
The recent sell-off brought the price close to a major demand area.
Key Levels to Watch
Support Zones
2350 – 2450, Major demand zone
This is where buyers previously stepped in. A short-term bounce