$ETH
The price of Ethereum is currently experiencing noticeable fluctuations, reflecting a state of anticipation and uncertainty prevailing in the market.
The reading of the Relative Strength Index (RSI) indicates increasing selling pressure, which may push the price towards oversold areas. At the same time, the Moving Average Convergence Divergence (MACD) shows significant fluctuations, making it difficult to determine a clear market direction at this time.
Considering the support and resistance levels, the $2000 area can be seen as strong support, and if broken,
we may witness a decline to the $1900 level. On the other hand, the $2200 area represents major resistance, and breaking it may open
the way for a rise towards $2300 or higher.
There are equal chances for both upward and downward movements.
In the event of improved market sentiment and increased trading volumes,
we may witness a breakout of resistance at $2200, pushing the price towards $2300 or higher. However, if uncertainty persists and selling pressure increases, we may see a decline to the support level at $2000, and breaking it may lead to a drop towards $1900 or lower.