Ethereum price analysis (Neutral) — 4525.14 USDT (-1.05% 24h)

ETH is currently trading at $4,525, showing a slight 24-hour decline of 1.05% amid elevated volatility of 2.09%. The RSI reading of 28.7 indicates ETH is deeply oversold, typically suggesting potential for a near-term bounce. Price is trading below both the 20-day SMA ($4,584) and 50-day SMA ($4,559), confirming short-term bearish momentum. However, the oversold conditions combined with strong volume of $1.25B suggest we might be approaching a local bottom. Traders should watch for a potential reversal around the $4,450-$4,500 support zone. Consider scaling into long positions with tight stops below $4,400, targeting a retest of the $4,600 resistance level. Risk management is crucial given the current volatility environment.