$ETH Buy the Dip

ETH/USDT is trading at $2,647.61, showing a significant decline of 4.67% in the last 24 hours, indicating significant bearish pressure. The 24-hour high reached $2,784.83, while the low was at $2,616.24, and the current price remains close to that low, indicating weak buying support. ETH is trading below all key moving averages: 7-day MA ($2,678.96), 25-day MA ($2,733.59), and 99-day MA ($2,694.90), signaling strong downward momentum both in the short and medium term. The RSI is at 28.92, placing it in the oversold territory, suggesting potential short-term rebound or at least a consolidation phase.