ETH is currently in a downtrend with oversold RSI, suggesting potential for a bounce. Recent price action shows support near $4440 and resistance around $4747.
Current Market Overview
ETH is trading at $4441.61, down 5.64% in 24 hours. The RSI at 39 indicates oversold conditions, which often precedes price bounces.
Technical Indicators
Price is below both 20-day ($4517) and 50-day ($4598) moving averages, confirming the downtrend. Volume spiked during the recent decline, showing strong selling pressure.
Support and Resistance Levels
Key support levels are around $4460-$4480 based on recent local minima. Resistance sits near $4720-$4747 from recent price peaks.
Trading Strategy
Consider buying near support levels for a potential bounce, with a stop loss below recent lows. Take profits near resistance levels to manage risk.
Beginner Recommendations
Advice: buy
Buy Price: 4462 USDT
Sell Price: 4720 USDT
Key metrics
| Price | 4441.6100 USDT |
| 24h Change | -5.64% |
| RSI(14) | 39.35 |
| SMA20 / SMA50 | 4517.66 / 4598.14 |
| Daily Volatility | 2.85% |
| 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.
