$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 is possible here.
Resistance Zones
2550 – 2700, Supply flip zone
Price must reclaim this area to reduce bearish pressure.
2900+, Major supply
This zone is still strong resistance for now.
Bullish Scenario
If ETH stays above 2350 and forms a base:
A relief bounce can occur.
The first upside target is 2550.
A clear break above 2700 would improve the structure.
Bullish strength is only valid if the price holds above demand with good volume.
Bearish Scenario
If ETH fails to hold 2350:
Selling pressure may continue.
The price can move toward lower liquidity zones.
Any bounce into 2550–2700 may face selling again.
The trend remains bearish unless the structure changes.
Simple View
Trend: Bearish
Zone to watch: 2350–2450
Reaction area: 2550–2700
Trade carefully around these levels.
Wait for confirmation before taking positions.$ETHS