Current Price: ETH is trading at $2,390.51 USD, experiencing a decrease of 4.31% in the last 24 hours.

Technical Indicators:

Relative Strength Index (RSI): 36.075 (indicating oversold conditions).

Stochastic Oscillator: 21.011 (indicating oversold conditions).

MACD: -107.5 (sell signal).

Average Directional Index (ADX): 30.298 (indicating a weak trend).

Analysis: The RSI and Stochastic indicators below 30 indicate that ETH is in oversold conditions, which may signal a potential price reversal upwards. However, the negative MACD value and low ADX indicate that the downward trend is still weak and there are no strong signals for a trend reversal yet.

Conclusion: Although some indicators suggest a potential reversal, the overall signal still leans bearish. It is advised for investors to remain cautious and wait for further confirmation before making investment decisions.

ETH/USD Price Chart: For visualization of the current price movement, here is the ETH price chart against USD: