$ETH ‌ETH Market Update (1H View)

ETH had a rough pullback today, and the chart shows how the market lost momentum after that strong run toward the 3440 zone. As soon as buying pressure cooled, sellers stepped in and pushed the price back down. The candles look choppy, so the market is clearly undecided right now.

From the indicators, short-term momentum is weak but not fully broken. ETH is still reacting to support zones, which means buyers aren’t completely gone — just waiting for a cleaner setup. When I checked different timeframes, the picture was the same: short-term retracement, but still part of a wider range.

What I’m watching next is simple:
• If ETH stabilizes above recent support, it can slowly build up for another push.
• If it slips again, we might see a bit more cooling before it recovers.

Right now, ETH is in that phase where the market catches its breath. Nothing extreme — just normal correction before the next proper move.