Ethereum (ETH) Technical Breakdown
Ethereum has broken down from a possible ending diagonal formation and is trading under bearish technical pressure, including a possible Head & Shoulders pattern on the 4H timeframe, with analysts suggesting a risk of a deeper pullback.
Market Sentiment: Fear Dominates
The broader market sentiment remains cautious, with the Crypto Fear & Greed Index sitting in the "Fear" category (around the 22-24 level). This indicates that pessimism currently dominates the short-term outlook, which historically can sometimes signal an oversold market.
ETHUSDT
Perp
2,923.98
-0.15%
ETCUSDT
Perp
12.39
+1.83%
ENSUSDT
Perp
9.851
+1.98%