$ETH $ETH

ETH Chart Analysis: Last Two Days

Over the past 48 hours, Ethereum (ETH) has shown some interesting price action that's worth breaking down.

Price Movement:

ETH started with a slight upward momentum, pushing past minor resistance around the $3,100 level.

However, the rally lost steam near $3,200, leading to a sharp pullback as sellers took control.

The dip found support around $3,050, where buyers stepped back in, keeping ETH within a broader consolidation zone.

Technical Indicators:

RSI: On the 4-hour chart, the RSI dipped near the 40 level during the sell-off but has since bounced, suggesting a potential reversal attempt.