ETH is currently trading near recent lows with oversold RSI, suggesting potential for a bounce. Recent price action shows strong resistance around $3230 and support near $3110.
Current Market Position
ETH is trading at $3180, slightly above its 20-day average but below the 50-day average. The RSI at 43 indicates it’s neither overbought nor oversold, sitting in a neutral zone.
Price Action Analysis
The price has been bouncing between $3110 support and $3230 resistance. Recent lows around $3112 and highs near $3238 define the current trading range.
Trading Strategy
Consider buying near support levels around $3120 where the price has previously bounced. Look to take profits near resistance at $3230 where selling pressure has emerged.
Risk Management
Always use stop-loss orders below key support levels. The medium risk comes from potential breakdown below $3110 support, which could lead to further declines.
Beginner Recommendations
Advice: hold
Buy Price: 3120 USDT
Sell Price: 3230 USDT
Key metrics
| Price | 3180.1400 USDT |
| 24h Change | 0.04% |
| RSI(14) | 43.02 |
| SMA20 / SMA50 | 3168.54 / 3255.60 |
| Daily Volatility | 3.89% |
| 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.
