Ethereum is currently in a downtrend with oversold signals, suggesting potential for a bounce. Current price is below key moving averages, indicating weakness.
Current Market Situation
ETH is trading at $3916, down 2.89% in 24 hours. The RSI at 44.6 shows it’s approaching oversold territory, which often precedes price bounces.
Technical Indicators
Price is below both the 20-day ($3947) and 50-day ($4012) moving averages, confirming the downtrend. Volume has been high during recent declines.
Support and Resistance Levels
Recent local lows around $3973 provide support, while resistance sits near $4027. The price has been testing lower levels recently.
Trading Strategy
Consider buying near support levels for a potential bounce, with clear exit points to manage risk in this volatile market.
Beginner Recommendations
Advice: buy
Buy Price: 3973 USDT
Sell Price: 4027 USDT
Key metrics
| Price | 3916.4800 USDT |
| 24h Change | -2.89% |
| RSI(14) | 44.63 |
| SMA20 / SMA50 | 3947.46 / 4012.57 |
| Daily Volatility | 2.95% |
| 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.
