As of January 28, 2025, Ethereum (ETH) is trading at approximately $3,193.15, reflecting a 3.94% increase from the previous close.

Over the past month, ETH has experienced a 15% decline, with its market capitalization nearing $400 billion. This downturn has led to significant investor losses, totaling over $23 billion in unrealized losses.

Technical indicators suggest a bearish trend. The Relative Strength Index (RSI) has dropped to 27.1, indicating oversold conditions, while the Average Directional Index (ADX) reflects a strong downtrend.

Analysts caution that if ETH fails to maintain support at $3,327, it could decline further, potentially falling below $3,000. Conversely, reclaiming resistance at $3,524 may pave the way for a recovery.

Factors influencing ETH's price include network-related developments, overall crypto market trends, and global financial conditions.

Given the current market volatility, investors are advised to monitor these indicators closely