#Squar2earn
Ethereum (ETH) is undergoing a strong correction, down 11% in the past week as the downward momentum continues to dominate the market. The Relative Strength Index (RSI) remains weak, indicating that buying pressure is not strong enough, while the Directional Movement Index (DMI) confirms that sellers are still in control of the situation.
Additionally, the Exponential Moving Averages (EMA) are forming a clear bearish structure, signaling the possibility that ETH will soon test the important support level at $1,756, and may even drop below $1,700 for the first time since October 2023.
