ETH is currently oversold with a sharp price drop. RSI indicates extreme oversold conditions, suggesting potential for a bounce. Recent support and resistance levels provide clear entry and exit points.
Current Market Overview
ETH is trading at $4158.25, down 7.23% in 24 hours. The RSI is extremely low at 9.61, which often signals oversold conditions and potential for a short-term rebound.
Support and Resistance Levels
Recent local support levels are around $4458-$4465. The lowest recent support is $4458.8. Resistance levels are near $4497, with the highest recent peak at $4502.57.
Trading Strategy
Consider buying near support at $4460 for a potential bounce. Set a sell target near resistance at $4495. The current oversold condition suggests a higher probability of upward movement.
Risk Management
This trade carries medium risk due to recent volatility. Use stop-loss orders below support to protect against further declines. Always invest only what you can afford to lose.
Beginner Recommendations
Advice: buy
Buy Price: 4460 USDT
Sell Price: 4495 USDT
Key metrics
| Price | 4158.2500 USDT |
| 24h Change | -7.22% |
| RSI(14) | 9.61 |
| SMA20 / SMA50 | 4405.13 / 4448.93 |
| Daily Volatility | 2.24% |
| Sentiment | Bullish |
| 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.
