Over the past 24 hours, ETH’s price has declined by more than 3%, testing significant support levels at 3,158 USD and 2,927 USD. If these levels fail, further declines may follow.
The technical analysis indicates bearish signals, with a negative DMI crossover and a relative strength index (RSI) at 41.6, reflecting a mild bearish momentum but not oversold conditions yet.
Should Ethereum maintain below its immediate support of 3,158 USD, it may fall to 2,927 USD. Conversely, a break above resistance at 3,334 USD could result in a bullish reversal.
Leave a Reply