ETH is currently in a downtrend with oversold RSI, suggesting potential for a bounce. Current price is below both short and long-term averages, indicating bearish momentum.
Current Market Situation
ETH is trading at $3,728.71, down 4.33% in 24 hours. The RSI at 25.8 shows ETH is oversold, which often precedes a price bounce.
Support and Resistance Levels
Recent local lows around $3,852 provide support, while resistance sits near $3,908 based on recent highs. These levels help identify entry and exit points.
Moving Average Analysis
Price is below both the 20-day ($3,835) and 50-day ($3,861) moving averages, confirming the current downtrend but also suggesting potential for recovery.
Trading Strategy
With oversold conditions and near support levels, consider buying on dips toward support. Set realistic profit targets near resistance levels.
Beginner Recommendations
Advice: buy
Buy Price: 3852.86 USDT
Sell Price: 3906.58 USDT
Key metrics
| Price | 3728.7100 USDT |
| 24h Change | -4.33% |
| RSI(14) | 25.82 |
| SMA20 / SMA50 | 3835.65 / 3861.62 |
| Daily Volatility | 3.13% |
| 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.
