Ethereum price analysis (Bearish) — 4194.12 USDT (-6.48% 24h)

ETH is showing significant weakness, trading at $4194 with a sharp 6.48% decline over 24 hours. The RSI reading of 7.35 indicates extreme oversold conditions, which typically precede a potential reversal or bounce. However, price remains below both the 20-day SMA ($4393.50) and 50-day SMA ($4443.92), confirming the bearish momentum. High volatility at 2.07% combined with substantial volume over $2 billion suggests institutional movement. Traders should wait for RSI to recover above 30 before considering long positions. Current strategy: wait for a confirmed bounce above $4250 with volume confirmation or short any rallies toward the $4350 resistance level. Risk management is crucial here – keep stops tight.