Ethereum price analysis (Neutral) — 3348.82 USDT (-1.07% 24h)

Ethereum is showing mixed signals as it trades at $3,348.82, slightly below its 50-day SMA of $3,366. While the 24-hour decline of 1.07% suggests short-term weakness, the price holding above the 20-day SMA of $3,332 indicates underlying support. The RSI at 56.76 sits in neutral territory, neither overbought nor oversold, suggesting room for movement in either direction. Trading volume remains robust at $1.89 billion, supporting price discovery, though the 4.08% volatility reading suggests traders should brace for potential swings. The convergence of moving averages around current price levels points to an impending breakout decision. Traders might consider accumulating on dips toward $3,330 support with stops below $3,300, while watching for a decisive break above $3,370 to confirm bullish momentum. Position sizing should remain conservative given the elevated volatility environment.