ETH is currently trading at $3840, showing a slight downtrend with mixed signals. The price is near recent lows but has bounced from the lowest point. RSI is neutral, suggesting neither overbought nor oversold conditions.
Current Market Position
ETH price is $3840, down 1.94% in 24 hours. It’s trading above the 20-day average ($3800) but below the 50-day average ($3894), indicating short-term stability but medium-term weakness.
Support and Resistance Levels
Recent local lows show support around $3687 (strongest) and $3872. Resistance levels are around $4027 and higher. The price has bounced from $3687, showing buyers at lower levels.
Trading Strategy
Consider buying near support levels for potential bounce plays. Current price is closer to recent lows than highs, suggesting better risk/reward for buying than selling. Always use stop-loss orders.
Beginner Recommendations
Advice: hold
Buy Price: 3700 USDT
Sell Price: 4000 USDT
Key metrics
| Price | 3840.2800 USDT |
| 24h Change | -1.94% |
| RSI(14) | 58.65 |
| SMA20 / SMA50 | 3800.15 / 3893.50 |
| Daily Volatility | 3.08% |
| 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.
