$ETH Price Action Update

Ethereum (ETH) is currently trading at $1,575.47 down -1.91% over the last 24 hours. The daily high was $1,631.81 and the low touched $1,565.59. Price action still shows no strong reversal signs, and here's why:

🔍 Technical Overview – 1H Timeframe

- Downtrend Still Intact

EMA(13): $1,617.29

EMA(21): $1,668.48

EMA(99): $2,235.98

Price remains significantly below all major EMAs, confirming a bearish short-term structure.

- MACD is still below the zero line, though it's trying to cross over. Momentum isn’t convincing yet.

- RSI(6) is sitting at 41.65, still below neutral (50). Sellers are still dominant but no extreme oversold conditions yet.

- Stochastic indicators (K = 46.5, D = 52.1) are mixed, suggesting a possible short-term sideways movement as buyers and sellers fight for control.

🚩 Quick Take

ETH is in a consolidation phase after a sharp correction. There’s no confirmed smart money accumulation yet. Right now, this market favors scalpers or long-term DCA players with patience.

Anyway, here’s my personal Outlook for ➡️ $ETH

🧠 Disclaimer : This is not financial advice. All analysis is for educational purposes only. Always DYOR and trade at your own risk.