$ETH

Ethereum is experiencing a correction, after reaching a daily high of $2,769.79, it is now stabilized around 2,553.18$ . This decline came as a result of selling pressure and possibly the closing of futures contracts. The current support levels between 2,500-2,550$ are very important, while the resistance is stuck in the area of $2,770–$2,800. Technically, the daily RSI indicator shows a slight proximity to the oversold zone, which may indicate a short-term rebound. Traders are initially targeting to reclaim 2,650$ then $2,800, but breaking below 2,500$ could open the way towards levels of $2,400.

#ETH #Ethereum #Daily_Analysis