ETH 1H Analysis - Key Triggers Ahead | Day 31

☃️ 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 recovered after yesterday’s drop, moving toward its support zone, where it consolidated briefly before forming a short-term trigger at $4,549. This level was then broken in a single 1-hour candle, and ETH is now stabilizing above it — confirming the trigger activation. A new resistance has now formed around $4,606, and a breakout above that level would activate another bullish trigger for Ethereum.

🧮 The RSI oscillator currently highlights two key zones for ETH trading — levels 56 and 41. Crossing either of these levels typically increases Ethereum’s volatility. At the moment, the RSI sits near 62, indicating growing long momentum and increasing buying pressure.

🕯 The recent candle structure shows clear bullish volume and upward momentum. After activating the trigger zone, Ethereum is pushing higher with a strong whale-driven candle, targeting upper resistance levels. Yesterday’s drop allowed some profit-taking by whales and filled several sell orders — meaning ETH now has a cleaner path upward compared to previous attempts.

🧠 For ETH positioning, you can either wait for a breakout above $4,606 for confirmation, or enter early at the $4,549 trigger zone if you spot a low-volume indecision candle interacting with the SMA7 line — signaling potential bullish continuation.

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