๐จ Ethereum (ETH) Market Update โ Bearish Pressure Continues!
๐น Current Price: $2,406.26 (-0.97%)
๐น 24H High: $2,533.49 | 24H Low: $2,370.00
๐น 24H Volume: 604K ETH ($1.48B USDT)
๐ Market Analysis:
ETH has dropped nearly 8.53% in the past week and 27.90% in the last 30 days, indicating strong bearish momentum.
The price recently hit a local low of $2,313.49, showing signs of recovery but still struggling to gain traction.
RSI (Relative Strength Index) at 31.07 โ Near oversold levels, hinting at a possible short-term bounce.
MACD & Moving Averages suggest bearish momentum is still dominant.
๐ Whatโs Next for Ethereum?
If ETH fails to hold $2,400, we could see another drop toward $2,300 or lower.
A breakout above $2,500 would indicate a potential trend reversal.
๐ก Investor Sentiment:
Many traders are cautious, waiting for confirmation before taking new positions. Will you buy the dip or wait for more stability?
๐ข Share your thoughts below! ๐
