ETH/USDT 1H: Testing $2,900 Support After Bearish Breakdown
2025-01-14
Category: None


 
 Chart timeframe: 1H ETH/USDT analysis.
 Current price: $2,996, down 0.79%.
 Key levels:
 
 
 Resistance: $3,130 (previous equilibrium).
 Support: $2,900 (next major level).
 
 
 Price action:
 
 
 Significant bearish breakdown from the $3,300 level.
 Multiple support levels broken, indicating strong selling pressure.
 
 
 RSI analysis: Likely oversold on lower timeframes, suggesting potential for a short-term bounce.
 Trend outlook: Overall bearish, with no clear reversal signals yet.
 Setup rating: 3/10 – wait for stabilization and volume confirmation before considering entries.
 
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