Current Price: 2,011.17
RSI(6): 41.46 (bearish, oversold territory approaching)
🔴 Bearish Signals
· Price is trading below MA(7) at 2,021.51 and below MA(99) at 2,077.10, indicating resistance overhead.
· RSI at 41.46 shows selling pressure with downside momentum.
· 7-day performance is -6.49% and 90-day is -31.37%, confirming medium-term weakness.
· Price is struggling to hold above MA(25) at 2,004.29 — a break below would accelerate downside.
🟢 Bullish Signals
· Price is above MA(25) at 2,004.29 for now, offering short-term support.
· 24h performance is +1.34%, showing some buyer interest.
· Volume is above MA(5) (5,888 vs 3,231), indicating active participation.
✅ Conclusion: Bearish (Short-Term)
Outlook: ETH is facing resistance at MA(7) and showing weak momentum with RSI declining. If MA(25) support at 2,004 breaks, further downside is likely.
Trading Tip:
· Short on rejection near 2,020–2,025, targeting 1,990–1,980 support.
· Long only if price reclaims 2,025 with strong volume and RSI moves above 50.
Not financial advice. Always use stop-loss.
#Ethereum #ETH #Write2Earrn #OilPricesDrop #BitcoinPrices 
