ETH/USDT: Selling Pressure & Oversold Signal!
Current price: $3,041.66 | 24h Change: -2.43%
Technical Summary (4H):
• Trend: ETH is in a strong downtrend after being rejected at $4,262.00. The price has broken all MA lines and set a 24h low at $2,873.00.
• Momentum: MACD (-15.95) is negative, DIF (-219.70) is below DEA (-203.75). SELLING PRESSURE remains extremely high.
• RSI(6): 32.19. Approaching the OVERSOLD zone. Warning of a potential technical rebound soon.
Levels to watch:
• Emergency resistance: $3,084.26 (MA7). This price level acts as the first dynamic resistance.
• Important support: $2,873.00 (24h Low). A strong support level that needs to be held.
• Next target for further decline: If it breaks $2,873.00, the price may drop further.
Quick action: ETH is under significant pressure. Consider risky Long (bottom fishing) if the price retests $2,873.00 with a stronger oversold RSI signal. If the price cannot hold $3,084.26, selling pressure will continue.
