$ETH

📉 Current Market Snapshot

Price: $1,795.76

24h Volume: Approximately $14.65 billion

24h Range: $1,787.46 – $1,847.56

Trend: Bearish

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📊 Technical Indicators

50-Day Simple Moving Average (SMA): $1,848.44 (Price below SMA indicates a bearish trend)

200-Day SMA: $2,766.95 (Long-term trend remains bearish)

Relative Strength Index (RSI): 33.87 (Neutral to oversold conditions)

MACD: Neutral, with no clear crossover

Volume: High trading volume suggests strong market interest

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🔑 Support & Resistance Levels

Support:

$1,750 (Key psychological level)

$1,700 (Previous low)

Resistance:

$1,850 (Immediate resistance)

$1,900 (Fibonacci retracement

Short-Term Trading Signals

Bearish:

Break below $1,750 could lead to further downside towards $1,700

RSI below 30 indicates oversold conditions; potential for a short-term

📌 Summary

Ethereum is currently in a bearish phase, with key support around $1,750. Traders should watch for a breakout above $1,850 or a drop below $1,750 to determine the next significant move.