ETH is currently in a downtrend with oversold RSI, suggesting potential for a bounce. Recent price action shows support near $3970 and resistance around $4150.
Current Market Situation
ETH price is $4033, down 1.13% in 24 hours. The RSI at 31 indicates oversold conditions, which often precedes a price bounce.
Support and Resistance Levels
Recent local lows around $3970 provide strong support. Resistance appears near $4150 based on recent price rejections at these levels.
Moving Average Analysis
Price is below both 20-day ($4050) and 50-day ($4110) SMAs, confirming the current downtrend but suggesting potential for mean reversion.
Trading Strategy
Consider buying near support levels for a bounce toward resistance. Use stop-losses below support to manage risk in this volatile market.
Beginner Recommendations
Advice: buy
Buy Price: 3975 USDT
Sell Price: 4150 USDT
Key metrics
| Price | 4033.0100 USDT |
| 24h Change | -1.13% |
| RSI(14) | 31.44 |
| SMA20 / SMA50 | 4050.23 / 4110.32 |
| Daily Volatility | 2.71% |
| Sentiment | Neutral |
| 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.
