FX.co ★ Crazy-Trader | #Ethereum chart analysis

H1 Chart Structure and Key Trend The ETCUSD H1 chart from 15 May to 24 May 2026 shows a clear and persistent downtrend. Price began near 9.43 on 15 May and declined steadily to 8.53 by 24 May, with a series of lower highs and lower lows. The listed levels – 9.43 → 9.34 → 9.25 → 9.16 → 9.07 → 8.99 → 8.80 → 8.71 → 8.62 → 8.53 – confirm that sellers have dominated each hourly session. The most recent candles around 24 May 00:00 sit near the lowest point at 8.53, indicating that bearish momentum remains intact. Resistance is clearly defined by the descending peaks (e.g., 9.07, 8.99), while support is being broken repeatedly. No meaningful consolidation or reversal pattern is visible. Technical Indicators and Momentum Given the persistent downward slope, a 20‑period moving average would lie above price and act as dynamic resistance, while a 50‑period average would be even higher. The RSI would likely oscillate between 20 and 40, frequently touching oversold levels but bouncing only weakly – a classic sign of a strong downtrend where oversold does not lead to reversals. MACD would show a sustained negative histogram with both lines below zero; any bullish cross would be shallow and short‑lived. The lack of any hourly candle closing above the previous swing high (e.g., above 8.99) confirms that buyers are absent. Volume, if available, would probably spike on each downward breakout. Trading Plan – Entry, Stop Loss, and Targets The highest‑probability trade is to sell on minor pullbacks to resistance. Look for a retracement toward 8.71–8.80 (levels from 22‑23 May). Enter short near 8.75 with a stop loss above the most recent minor high at 8.99. First target at 8.53 (current low), second at 8.40. A breakdown below 8.53 would offer a momentum entry; place stop above 8.62 and target 8.30. Avoid long positions unless price reclaims and holds above 9.07 on an H1 closing basis – that would suggest a potential trend change. Risk‑to‑reward on the pullback short is approximately 1:2. Summary ETCUSD on the H1 timeframe is in a clear, uninterrupted downtrend from 9.43 to 8.53, with no reversal signals. Each rally is sold, and lower lows continue to form. The best approach is to sell bounces into resistance zones or enter on a confirmed break below the recent low. Stop losses must be placed above the nearest swing high. Overall bias remains bearish, with next support at 8.40 and then 8.25. Patience for a small retracement before entering improves risk management. Until a higher high appears above 8.99, every short‑term bounce is a selling opportunity.