ETH has dropped sharply from the $2,569 local high to test the $2,460 zone — a key intraday support. The RSI is extremely oversold (RSI(6) = 11.54), hinting at a potential short-term bounce. However, bearish momentum remains strong, with MACD and histogram signaling weakness.
$ETH
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📉 Support Zones
$2,460 – 24h low and immediate intraday support
$2,440 – Minor support from June 18 structure
$2,410 – Psychological and historical pivot level
📈 Resistance Levels
$2,471 – 30m average level (AVL)
$2,502 – Local breakdown point and EMA congestion
$2,569 – 24h high and key resistance on any bounce
$ETH
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🔍 Summary
RSI shows extreme oversold conditions → potential bounce setup
For bullish confirmation, ETH must reclaim $2,502 with volume
MACD bearish → caution for short squeezes or weak bounces
Below $2,460, further downside risk opens up to $2,440–$2,410
$ETH
⚠️ DYOR – Do Your Own Research. This is not financial advice. Trade wisely in volatile markets.
