ETH is currently oversold with RSI at 21.5, suggesting potential for a bounce. Recent price action shows support near $4145 and resistance around $4235. Current price is below both 20-day and 50-day moving averages.
Current Market Situation
ETH is trading at $4078, down 3.56% in 24 hours. The RSI reading of 21.5 indicates the asset is oversold, which often precedes a price recovery.
Support and Resistance Levels
The recent local minimum of $4145.86 acts as strong support, while the local maximum of $4235.21 serves as resistance. These levels help identify potential entry and exit points.
Moving Average Analysis
Price is below both the 20-day SMA ($4141) and 50-day SMA ($4116), suggesting short-term weakness but potential for reversal given oversold conditions.
Trading Strategy
Consider buying near support levels for potential upside toward resistance. The oversold RSI increases the probability of a bounce, but monitor volume for confirmation.
Beginner Recommendations
Advice: buy
Buy Price: 4145.86 USDT
Sell Price: 4235.21 USDT
Key metrics
| Price | 4078.8100 USDT |
| 24h Change | -3.56% |
| RSI(14) | 21.55 |
| SMA20 / SMA50 | 4141.58 / 4116.25 |
| Daily Volatility | 3.06% |
| Sentiment | Bullish |
| 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.
