Sentiment: Bearish
Ethereum is showing concerning technical weakness as ETH/USDT trades at $3,817, down 5.62% over the past 24 hours. The current price sits below both the 20-day SMA ($3,915) and 50-day SMA ($3,985), indicating sustained bearish momentum. The RSI reading of 33.8 suggests ETH is approaching oversold territory, which could present a potential buying opportunity for contrarian traders. However, with volatility remaining elevated at 5% and trading volume exceeding $2.5 billion, the market remains highly sensitive to further downside pressure. Traders should watch for a decisive break below $3,800, which could trigger additional selling toward the $3,700 support zone. For those considering entry, scaling into positions with tight stop losses makes sense given the current technical setup. The oversold RSI suggests we might see a short-term bounce, but until ETH reclaims the $3,900 level, the near-term bias remains downward.
Key Metrics
| Price | 3817.8000 USDT |
| 24h Change | -5.62% |
| 24h Volume | 2584078702.37 |
| RSI(14) | 33.84 |
| SMA20 / SMA50 | 3915.04 / 3985.55 |
| Daily Volatility | 5.01% |
Ethereum — 1h candles, 7D window (SMA20/SMA50, RSI).
