Ethereum’s price has fallen nearly 9% in the last week, trading below 3,000 USD. With the ADX at 20.83, market indecision is apparent, while the RSI at 46.2 indicates weakening momentum. Continued selling pressure may push prices further down if critical support levels fail.
The price has recently attempted to break the 2,679 USD resistance but did not succeed. With a bearish EMAs trend persisting and support at 2,479 USD under pressure, if breached, ETH could decline to levels as low as 2,386 USD, reflecting a potential bearish phase.
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