$ETH Ethereum is traded at $1.570, maintaining a short-term bearish bias as the price remains well below key moving averages. The 50-day EMA is at $1.823, the 100-day EMA at $2.002, and the 200-day EMA at $2.292 are all above, reinforcing a limited structure.
Meanwhile, the MACD histogram is slightly positive on the daily chart, hinting at only tentative recovery efforts within a broader downtrend. The RSI around 36 on the same chart stays below the midline, indicating mild sell pressure that is not extreme.
On the upside, initial resistance appears at the middle Bollinger Band line near $1.672, with the upper Bollinger limit at $1.816 forming the next barrier before the 50-day EMA at $1.823. Further above, the 100-day EMA at $2.002 and the 200-day EMA at $2.292 define a wider supply zone that is likely to cap deeper corrective rebounds.
On the downside, the nearest support is provided by the lower Bollinger Band at $1.527. A firm breakdown below this level would pave the way for renewed bearish extension toward lower psychological and historical levels.
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Meanwhile, the MACD histogram is slightly positive on the daily chart, hinting at only tentative recovery efforts within a broader downtrend. The RSI around 36 on the same chart stays below the midline, indicating mild sell pressure that is not extreme.
On the upside, initial resistance appears at the middle Bollinger Band line near $1.672, with the upper Bollinger limit at $1.816 forming the next barrier before the 50-day EMA at $1.823. Further above, the 100-day EMA at $2.002 and the 200-day EMA at $2.292 define a wider supply zone that is likely to cap deeper corrective rebounds.
On the downside, the nearest support is provided by the lower Bollinger Band at $1.527. A firm breakdown below this level would pave the way for renewed bearish extension toward lower psychological and historical levels.
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