The current technical analysis of Ethereum (ETH) shows a bearish trend across several time frames. According to data from Investing.com, sell signals dominate in technical indicators and moving averages.
Additionally, in the 15-minute chart, a strong bearish trend is observed, with a key resistance at $1,950.88. If the price remains below this level, it could head towards supports at $1,852.66 and $1,715.09.
In the daily chart, resistance is at $2,203.25 and support at $1,863.88, indicating a pessimistic outlook both in the short and long term.
It is important to consider that external factors, such as institutional adoption and regulatory clarity, could influence Ethereum's recovery in the future.
Given that the cryptocurrency market is highly volatile, caution is advised and consulting with financial advisors before making investment decisions is recommended.