🟣 ETHEREUM (ETH) — $3,511.13 | -3.31% | Cap: $423.81B
📊 Current technical analysis:
Ethereum leads the losses among the top 5, with a decline of -3.31%, breaking its support at $3,600. This drop occurs amidst a confirmed bearish divergence in the RSI (48) and a negative MACD crossover.
The multiple rejection at $3,800 during July suggests a depletion of bullish momentum. Additionally, IntoTheBlock data shows a decline in on-chain activity and in DeFi transaction volume, which could be affecting ETH demand.
📈 Resistance: $3,600
📉 Strong support: $3,400
📊 Ichimoku Cloud: Price breaking the base, short-term bearish bias.
📌 Projection:
If ETH falls below $3,480, it could seek $3,300 as the next technical support. In the medium term, the expectation remains bullish thanks to the increase in staking and the upcoming Dencun upgrade.
🧭 Strategic Reflection:
Ethereum is in a technical reset phase that could offer a good entry zone.
