Ethereum is currently in a downtrend with oversold conditions, suggesting potential for a bounce. The RSI below 30 indicates oversold territory, while price is below both short and long-term moving averages.
Current Market Situation
ETH is trading at $3,857, down 5.3% in 24 hours. The price is below both the 20-day ($3,965) and 50-day ($3,973) moving averages, indicating a bearish trend.
RSI Oversold Signal
The RSI reading of 30.8 suggests ETH is oversold. When RSI drops below 30, it often signals that selling may be exhausted and a price bounce could occur.
Support and Resistance Levels
Recent local lows around $3,863 provide support, while resistance sits near $4,075 from recent highs. These levels help identify potential entry and exit points.
Trading Strategy
Consider buying near support levels for a potential bounce, with a clear exit strategy at resistance. Always use stop-loss orders to manage risk.
Beginner Recommendations
Advice: buy
Buy Price: 3863.3 USDT
Sell Price: 4075.0 USDT
Key metrics
| Price | 3857.7200 USDT |
| 24h Change | -5.32% |
| RSI(14) | 30.85 |
| SMA20 / SMA50 | 3964.99 / 3973.00 |
| Daily Volatility | 3.41% |
| 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.
