$ETH
Analysis for the currency on
- The price is facing strong resistance at the level of $2,450 and has been trying to break through it for several sessions.
- The moving averages (50 and 200 days) indicate a downward trend in the short term, reflecting a state of indecision in the market.
- The Relative Strength Index (RSI) is in the neutral zone (30-70), indicating that the market is not in a state of overbought or oversold.
🔹 Short-term expectations
- If the price manages to close above $2,450, we may witness an upward surge towards $2,500.
- However, if it fails, the price may return to test support levels at $2,400 or even $2,350.
