Ethereum price analysis (Bearish) — 3885.10 USDT (-4.60% 24h)

Ethereum faces significant selling pressure as ETH/USDT trades at $3,885, down 4.6% over the past 24 hours. The current price sits below both the 20-day SMA ($3,959) and 50-day SMA ($3,973), indicating bearish momentum in the short to medium term. With RSI reading at 37.17, ETH is approaching oversold territory but hasn’t reached extreme levels yet. The elevated volatility of 3.4% suggests continued price swings ahead. Trading volume remains substantial at $1.9 billion, confirming active participation in this downturn. For traders, consider waiting for RSI to drop below 30 for potential long entries, with strict stop losses below $3,800. Resistance appears strong around the $3,950-$4,000 zone where the moving averages converge. Short-term traders might find opportunities in volatility plays, but position sizing should remain conservative given the current bearish technical structure.