ETH price prediction
"I bought ETH at a high price and have a record of loss. Where will the ETH price go now?"
To give you a better idea of where ETH might be headed, I can look at current technical analysis and market sentiment. However, please remember that cryptocurrency prices are very volatile, and any prediction is not guaranteed.
Based on the current ETHUSDT technical analysis, the MACD shows bearish divergence, while the RSI is hovering near 60, indicating potential overbought conditions. The Bollinger Bands suggest increased volatility, with price testing the upper band, signaling possible selling pressure. However, market sentiment and external factors could still influence the trend. Traders should watch key support levels at $3,500 and resistance at $3,800. If selling pressure intensifies, a short-term correction may occur, but long-term holders may see this as a buying opportunity. Always do your own research and manage risk wisely.
