Good Morning Eth holder, ETH/USDT is currently trading at $1,759.79, down -2.42% over the last 24 hours. The price hit a daily high of $1,806.91 and a low of $1,722.90. Technically, ETH is in a clear downtrend, with strong bearish momentum. The price is trading below both the 7-day and 25-day moving averages, signaling continued selling pressure.
The RSI stands at 30.48, approaching oversold territory, which could indicate a short-term rebound if buyers step in. However, there's no clear reversal signal yet, and the trading volume hasn't shown any significant spike that would support a strong bounce. The medium-term sentiment remains bearish, reflected in a -47.97% drop over the past 90 days.
Overall, ETH is in a prolonged correction phase after a previous rally. Long-term investors might view this oversold condition as a potential accumulation zone, but short-term traders should remain cautious and wait for clearer reversal patterns. Unlike TRUMP token, which is driven by hype and exclusive incentives like a “dinner with Trump,” ETH moves more in line with broader crypto market fundamentals and macroeconomic trends.
#CryptoMarketCapBackTo$3T