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📉 ETH Update: Extreme Fear Grips Market

Ethereum (ETH) is currently facing strong bearish pressure, trading below key moving averages. The Relative Strength Index (RSI) signals an oversold condition, suggesting that while the immediate downward momentum may slow, the overall trend is bearish due to broader market volatility and selling pressure.

Trade Sentiment: Strong Sell according to a prominent exchange analysis. Traders should exercise extreme caution.

Immediate Support: $2,850

Key Resistance: $3,000 (A decisive close above this level is needed to ease the sell-off).

ETH

3,120.86

+1.18%