Technical Analysis of ETH
Technical Analysis (1H Timeframe):
Current Price: $2,429.92 (Down by -3.80%)
24h Range: High $2,624.00 / Low $2,406.63 – showing recent strong selling pressure.
Moving Averages:
MA(7): $2,455.93
MA(25): $2,497.53
MA(99): $2,443.11
ETH is currently trading below all key MAs, indicating a short-term bearish trend.
RSI(6): 30.28 – near the oversold zone, suggesting a potential bounce or reversal may come soon.
Candlestick Formation: A recent small green candle near support hints at indecision and possible reversal.
Market Sentiment: Bearish short-term, but RSI and support level may attract buyers for a short recovery.
