ETH 1H Analysis - Key Triggers Ahead | Day 26

❄️ Welcome to the cryptos winter , I hope you’ve started your day well.

⏰ We’re analyzing ETH on the 1-Hour timeframe.

👀 On the 1-hour timeframe, Ethereum is currently ranging after its recent drop, sitting in a decision-making zone. It already faked the range low once and bounced back up, creating a clean trading structure. If ETH breaks above the $4,210 resistance, it could complete its correction and push higher. On the other hand, if ETH continues its deeper correction, a break and confirmation below the $4,135 support would open the way to lower levels.

🧮 Looking at the RSI oscillator, it’s now hovering around the 50 zone. A cross above 51 could trigger a bullish breakout, while a cross below 35 would suggest Ethereum is heading for a deeper correction.

🕯 Candle size and volume have shrunk inside this range, showing clear consolidation. Buyers and sellers are in a tug-of-war, and we’d prefer not to trade in these tight squeezes with heavy volume until a clear winner emerges. A breakout of the range will likely need strong “whale candles” to confirm direction.

💸 The ETH/BTC pair also shows a similar structure — after its recent drop, it has entered a tight consolidation pattern that mirrors the price action seen against USDT.

🧠 For trading ETH, patience is key. Wait to see which side Ethereum chooses to break out from. Once the range high or low (outlined above) is taken out with confirmation, we can look for a position in that direction.

❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .