ETH is in a downtrend with oversold RSI, suggesting potential for a bounce. Current price is below key moving averages, indicating bearish momentum.
Price Trend
ETH has dropped from around $3620 to $3450 recently. The price is below both the 20-day and 50-day averages, showing a downtrend.
RSI Indicator
RSI is at 40.7, which is near oversold territory. This often means the price might bounce back soon.
Support and Resistance
Key support is near $3417 (recent low). Resistance is around $3624 (recent high). Use these for entry and exit points.
Trading Advice
Consider buying near support if RSI stays oversold. Sell near resistance to take profits. Always use stop-loss orders.
Beginner Recommendations
Advice: hold
Buy Price: 3417 USDT
Sell Price: 3624 USDT
Key metrics
| Price | 3453.9500 USDT |
| 24h Change | -2.54% |
| RSI(14) | 40.70 |
| SMA20 / SMA50 | 3466.32 / 3531.66 |
| Daily Volatility | 3.27% |
| 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.
