$ETH

Current Price: Approximately $1,598.

Overall Trend: Bearish in the short and medium term, with strong sell signals from technical indicators.

Key Technical Indicators:

Moving Averages (MA):

All averages (5, 10, 20, 50, 100, 200 days) show sell signals, and the current price is trading below them.

Relative Strength Index (RSI):

Current value: 38.13 – in the neutral zone and close to oversold.

MACD Indicator:

Value: -121.75 – a negative signal supporting the continuation of the decline.

ROC Indicator (Rate of Change):

Value: -13.06 – indicates negative momentum.

Support and Resistance Levels:

Support:

$1,500 – Secondary support.

$1,400 – Major support.

Resistance:

$1,724 – Short-term resistance.

$1,800 – Major resistance confirming reversal if breached.

Technical Recommendation:

The currency currently shows strong sell signals and clear bearish momentum. Caution is advised, along with close monitoring of support and resistance levels, and using stop-loss orders when trading.