$ETH is currently experiencing short-term downward pressure. Following a strong rejection at the resistance level of approximately $2,650, the price has formed a bearish chart pattern known as a descending triangle.

Currently trading near the $2,580 level, immediate support lies around $2,500. A breakdown below this support could lead to a steeper correction towards $2,400 or even lower. The Relative Strength Index (RSI) is also showing signs of fatigue, indicating potential for further decline. Traders should watch closely for price action at these critical levels before making any decisions.

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ETH

2,303.95

+1.90%