[ETH Daily Chart Technical Analysis]
Current Price: $1860.75
24H Range: $1841.20 – $1927.79
Timeframe: 1D
Technical Breakdown:
$ETH is under pressure after its late-2024 peak at $4109. Price is currently below all major MAs (7/25/99), showing sustained bearish momentum. Sellers still dominate while bulls are absent at key levels.
Key Indicators:
• MA(7): $1874.24
• MA(25): $1937.11
• MA(99): $2704.76
• RSI(6/12/24): 40.5 / 39.8 / 39.1 — Bearish zone
Performance (approx):
• 7D: -2.3%
• 30D: -17.6%
• 90D: -33.2%
• 180D: -27.5%
• 1Y: +3.8%
Levels to Watch:
• Resistance: $1900 / $2000
• Support: $1700 / $1490
• Break below $1700 = opens risk to $1490
• Break above $1900 = short-term relief bounce possible
Outlook:
Short-term trend is clearly bearish, but RSI approaching oversold could spark a relief bounce. No clear reversal yet. Long-term buyers may stay patient for a base or confirmed breakout above $2000.
