ETHUSD H1: Resistance Has Stopped the Rally
After a strong recovery from the recent low, ETHUSD moved directly into the 1,915–1,920 resistance zone but failed to sustain the breakout. Clear selling pressure emerged in this area, quickly pushing price lower and interrupting the short-term bullish structure.
What stands out is that buyers have attempted to break through this resistance several times without success. This suggests that supply remains strong above, while bullish momentum is gradually weakening after the previous recovery.
If price continues to trade below the resistance zone, I expect ETHUSD to correct toward the 1,885–1,890 support area. This will be an important zone for determining whether buyers still have enough strength to preserve the recovery structure. The current bearish pressure will only begin to weaken if price breaks decisively above 1,915–1,920.
This analysis reflects only my personal view. Please make your trading decisions based on your own analysis.
Wishing you successful trading!