Kanglei_Krypto
--
$ETH & WOTD Updates 📉📈
Ethereum (ETH) trades at approximately $1,799.98, up 1.95% in the last 24 hours, with a market cap of $217.29 billion and a 24-hour trading volume of $17.37 billion. The market shows cautious optimism, with the Fear and Greed Index at 24, indicating fear but a slight rebound from recent lows. Sentiment on X suggests potential bottoms, with analysts noting bullish patterns like an Adam and Eve formation and Elliott Wave structures.
Technical Analysis: ETH remains in a bearish trend, posting lower highs and lows since early 2025. It trades below key exponential moving averages (20, 50, 100, and 200-day EMAs, clustered between $1,700–$2,600), signaling resistance. The Relative Strength Index (RSI) is at 41.39, indicating weak momentum but not oversold, with room for recovery if it crosses above 50. The MACD is bearish at -155.48, suggesting a sell, though some analysts note bullish divergence potential. Support holds around $1,467, with resistance at $2,500. A falling wedge pattern and historical demand zones (near $1,596–$2,196) hint at a possible reversal if ETH breaks above $2,120.
Outlook: Despite bearish pressure, accumulation signals and ETF inflows suggest a potential rebound. However, breaking resistance at $2,600 is critical for bullish confirmation. Traders should monitor RSI and volume for breakout signals while managing risks due to high volatility.
Ethereum (ETH) trades at approximately $1,799.98, up 1.95% in the last 24 hours, with a market cap of $217.29 billion and a 24-hour trading volume of $17.37 billion. The market shows cautious optimism, with the Fear and Greed Index at 24, indicating fear but a slight rebound from recent lows. Sentiment on X suggests potential bottoms, with analysts noting bullish patterns like an Adam and Eve formation and Elliott Wave structures.
Technical Analysis: ETH remains in a bearish trend, posting lower highs and lows since early 2025. It trades below key exponential moving averages (20, 50, 100, and 200-day EMAs, clustered between $1,700–$2,600), signaling resistance. The Relative Strength Index (RSI) is at 41.39, indicating weak momentum but not oversold, with room for recovery if it crosses above 50. The MACD is bearish at -155.48, suggesting a sell, though some analysts note bullish divergence potential. Support holds around $1,467, with resistance at $2,500. A falling wedge pattern and historical demand zones (near $1,596–$2,196) hint at a possible reversal if ETH breaks above $2,120.
Outlook: Despite bearish pressure, accumulation signals and ETF inflows suggest a potential rebound. However, breaking resistance at $2,600 is critical for bullish confirmation. Traders should monitor RSI and volume for breakout signals while managing risks due to high volatility.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
15
0