Ethereum ($ETH ) has decreased by approximately 9% over the past seven days and is still trading below the $3000 level - a level it has not regained since February 1. Recent technical indicators suggest increasing downward momentum, with weakened directional strength and intensified selling pressure.
Momentum oscillators like the Relative Strength Index (RSI) have sharply declined, while key resistance levels continue to hold against upward attempts. As Ethereum struggles to regain ground, traders are closely watching to see if support levels will hold or if further declines are imminent.
Bears are gaining momentum as the directional strength in Ethereum fades.
Ethereum's Directional Movement Index (DMI) shows that the ADX has dropped to 20.83 from 27.64 two days ago, indicating weakened directional strength.
The ADX indicator, or Average Directional Index, measures the strength of a trend, regardless of whether it is upward or downward. Values above 25 usually indicate a strong trend, while values below 20 indicate a weak or indecisive market.
With the ADX value for Ethereum now hovering near the minimum, it suggests that recent directional momentum is fading, and the market may enter a period of sideways movement or indecision.
DMI.
Looking at the directional indicators, Ethereum's +DI has fallen to 17 from 26.57 yesterday, after a brief jump from 16.62 two days ago. This indicates that upward pressure has quickly faded.
At the same time, the -DI indicator has risen to 26.22 from 18.60, indicating an increasing downward momentum. This divergence between the declining +DI and the rising -DI suggests that sellers are gaining the upper hand, which could push Ethereum into a short-term downward trend.
Coupled with the weakness of the ADX indicator, the current setup indicates an increased risk of decline unless the bulls regain control soon.
#الإيثيريوم is facing pressure after a sharp reversal in the Relative Strength Index.
The Relative Strength Index (RSI) for Ethereum has dropped to 46.2, sharply down from 61.82 yesterday, after rising from 38.14 two days ago.
The Relative Strength Index is a momentum oscillator that measures the speed and change of recent price movements to evaluate overbought or oversold conditions.
Values above 70 typically indicate an overbought asset that may be poised for a pullback, while readings below 30 indicate oversold conditions that may precede a rebound.
The neutral zone lies between 30 and 70, where price movement is generally considered balanced or consolidated.
ETH RSI.
The Relative Strength Index for Ethereum is now at 46.2, retreating to the neutral zone after briefly approaching the overbought area.
This decline indicates a fading upward momentum and may suggest that recent buying interest has weakened. While a reading around 46 does not indicate an immediate trend reversal, it reflects uncertainty and may open the door for further declines if selling pressure increases.
If the Relative Strength Index continues to slide towards 30, it may confirm that Ethereum is entering a more pronounced bearish phase.
Ethereum is struggling under resistance as the downward exponential moving average trend continues.
The exponential moving average (EMA) lines for Ethereum currently indicate a downward trend, with price action struggling to regain upward momentum.
Recently, Ethereum attempted to break through the resistance level at $2,679 but failed, reinforcing that sellers remain in control. If the market tests and loses support at $2,479, further declines could push Ethereum towards $2,386, potentially reaching $2,326 if selling pressure intensifies.
These levels represent key areas where buyers may intervene - but until then, the short-term structure remains tilted towards a decline.
Price Analysis$ETH .
However, a shift in momentum may occur if Ethereum retests the resistance level of $2,679 and successfully breaks through.
A breakout above this level would be a strong signal of bullish intent, potentially leading to a move towards $2,790 and even $2,878 if a trend reversal occurs. The structure of the exponential moving average would then begin to flatten or curve upward, indicating a resurgence of strength.
Until that happens, Ethereum remains vulnerable to further losses, with traders closely monitoring how it reacts around key support and resistance levels. #ETHUSDT.
