$ETH
Market Update: ETH/USDT Faces Sharp Correction
Ethereum (ETH) has dropped 6.34% in the past hour, currently trading at $2,538.38. After peaking near $2,734, the price sharply declined, breaking below the middle Bollinger Band (MB: $2,575.27) and touching a low of $2,498.30.
Technical Insights:
RSI (6): 42.99 – Slightly bearish, no strong momentum yet.
Stoch RSI: 37.88 / 17.66 – Approaching oversold territory; potential reversal zone.
Bollinger Bands: Price nearing the lower band, hinting at possible support near $2,473.83.
Watch for a bounce or further breakdown if support fails. Short-term volatility expected.