ETH is currently in a downtrend with oversold RSI, suggesting potential for a short-term bounce. Recent price action shows strong support near $3213 and resistance near $3555.
Current Market Overview
ETH is trading at $3319, down 4.8% in 24 hours. The RSI at 37 indicates oversold conditions, which often precedes price bounces.
Key Support and Resistance
Strong support exists around $3213 (recent local minimum). Resistance is visible near $3555 (recent local maximum). These levels help identify entry and exit points.
Moving Average Analysis
Price is below both 20-day ($3351) and 50-day ($3516) SMAs, confirming the downtrend. A break above these averages could signal trend reversal.
Trading Strategy
Consider buying near support at $3213 for potential bounce. Set sell target at $3555 resistance. Always use stop-loss orders to manage risk.
Beginner Recommendations
Advice: hold
Buy Price: 3213 USDT
Sell Price: 3555 USDT
Key metrics
| Price | 3319.7000 USDT |
| 24h Change | -4.84% |
| RSI(14) | 37.67 |
| SMA20 / SMA50 | 3351.55 / 3516.39 |
| Daily Volatility | 4.16% |
| 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.
