ETH Price Action Update – Is the Dip a Buying Opportunity?

Ethereum is currently trading at $2,003.20, down -0.68%, after hitting a 24H low of $1,980.41. The recent downtrend has pushed ETH near the lower Bollinger Band, signaling possible oversold conditions.

With the RSI at 38.48, we’re approaching the oversold zone, and a potential bounce could be in play. A strong support level seems to be around $1,985, while resistance is near $2,038.

Will bulls take control, or is another drop coming? Share your thoughts in the comments!

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