๐ ETH Analysis โ RSI Dips Below 40, Bearish Pressure Mounts ๐
๐ Ethereum continues to face selling pressure as it dips 3.05% in the last 24 hours, trading around $4,320.76. As a leading altcoin, ETHโs current setup signals caution for traders watching key support levels.
๐ Technical Analysis
- Short-term trend: Bearish
- Support: $4,225.86
- Resistance: $4,468.93
- Pattern: No clear breakout; steady decline with lower highs
- Volume: Moderate, not signaling reversal
- RSI: 39.53 โ approaching oversold territory
- MA(5): 89,883.64 | MA(10): 104,178.30
- Outlook: Bearish bias with potential for further downside
๐ฐ Market Data & News
- Price: $4,320.76
- 24h Change: -3.05%
- No major headlines or listings impacting ETH directly
๐ Scenario Breakdown
- Bullish Case: ETH must reclaim $4,468 with rising volume and RSI recovery above 50
- Bearish Case: A breakdown below $4,225 confirms continuation toward $4,100 zone
๐ Sentiment Meter
๐ Bearish Bias โ Sellers in control, weak volume
โ ๏ธ Risk Level
๐ก Medium โ Some signals align, but confirmation needed
Will ETH bounce from $4,225 or slide deeper into bearish territory? Drop your take below ๐
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๐ข Not financial advice. Use this analysis as a learning tool, not a trading signal. DYOR and manage your risk.
ETH #TheCryptoMalik
