Analyze ETH cryptocurrency with 1 hour timeframe. Current price: $2,092.7. Price change: -8.67%. Provide technical analysis, market trends, and price predictions.

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The technical analysis for Ethereum (ETH) on a 1-hour timeframe indicates a bearish sentiment. The current price is $2,092.37, with a recent price change of -8.67%. Here are the key insights:

- **Moving Averages**: The short-term MA7 is at $2102.92, slightly above the current price, indicating a recent downtrend.
- **RSI**: The Relative Strength Index is at 48.18, which is neutral, suggesting neither overbought nor oversold conditions.
- **MACD**: The MACD is bearish with a histogram value of -3.73, indicating downward momentum.
- **KDJ**: The KDJ oscillator is neutral, with all values around 26.11.
- **Fibonacci Levels**: The price is near the 78.6% retracement level at $2088.49, which acts as a potential support.
- **Support and Resistance**: The nearest resistance is at $2095.10, and the nearest support is at $2086.00.

Overall, the market trend is bearish, with the price hovering near key support levels. Traders should watch for potential support at $2086.00 and resistance at $2095.10 for any breakout or reversal signals.

Ethereum (ETH) 1-Hour Technical Analysis & Price Prediction

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