$ETH

The current price of Ethereum (ETH) is $2,641.59 with an 0.83% increase in the last 24 hours. Here's a breakdown of the market sentiment¹:

- *Market Cap*: $315.32 billion

- *24-hour Price Range*: $2,575.00 - $2,679.88

- *Open Price*: $2,619.90

- *Previous Close Price*: $2,619.90

- *Change*: $21.69 (0.83% increase)

*Market Analysis:*

- The Relative Strength Index (RSI) for ETH/USD is 33.14, indicating oversold conditions.

- The Average Directional Index (ADX) is 49.24, suggesting a strong trend.

- The Parabolic SAR indicates a bearish trend.

- The 50-day Simple Moving Average (SMA) and 200-day Exponential Moving Average (EMA) reflect a downward slope.

*Support and Resistance Levels:*

- Support levels: $2,476.46, $2,470, and $2,465

- Resistance levels: $2,500, $2,520, and $2,540

- Pivot point: $2,488.88

Given the current market conditions and bearish indicators, traders may consider short positions. However, it's essential to stay updated with the latest market news and trends.²