$ETH
How Low Could Ethereum (ETH) Drop in the Next 7 Days?
Ethereum (ETH) has been under significant downside pressure due to escalating global trading fears, with the cryptocurrency facing steep losses. After briefly seeing bullish movement, the bears gained control, pushing ETH below $1.8K and reaching a low of $1,760 from a peak of $2,150. As of now, ETH struggles to break past the $2.5K resistance, trading at $1,883 with a daily trading volume of $39.13 billion. Ethereum’s market saw a liquidation of $252.09 million, with a whale selling 25,800 ETH at a $32 million loss.
Ethereum’s indicators show a broader bearish trend, with the MACD crossing below the zero line and the Chaikin Money Flow at -0.11, indicating capital outflows. ETH’s relative strength index (RSI) sits at 30.40, nearing oversold levels. In a worst-case scenario, ETH could drop to $1,522, though a recovery may target resistance around $1,997 to $2.2K, depending on bullish momentum..
