ETH is currently in a downtrend with key support and resistance levels identified. The price is below both short and long-term averages, suggesting caution.
Current Market Overview
ETH is trading at $3921, down 2.2% in 24 hours. The RSI is near 48, which is neutral but leaning bearish. Volume is moderate, indicating some uncertainty.
Price Trends and Levels
ETH has dropped from recent highs above $4200. Support is forming near $3838 (recent low), while resistance is around $4193 (recent high). The price is below the 20-day and 50-day averages, showing weakness.
Trading Strategy
Wait for a dip to buy near support at $3850. If buying, set a sell target near $4180 where selling pressure may increase. Current conditions favor holding or buying cautiously.
Beginner Recommendations
Advice: hold
Buy Price: 3850 USDT
Sell Price: 4180 USDT
Key metrics
| Price | 3921.4300 USDT |
| 24h Change | -2.22% |
| RSI(14) | 47.67 |
| SMA20 / SMA50 | 3936.83 / 4049.43 |
| Daily Volatility | 2.69% |
| Sentiment | Bearish |
| Risk level | Medium |
Disclaimer: this material is for educational purposes only and does not constitute financial advice. Cryptocurrencies are highly volatile; always assess your own risk, investment horizon, and do your own research.
