$ETH Ethereum is trading at $1,674, maintaining a short-term bearish bias as the price is well below the 50-day, 100-day, and 200-day EMAs at around $2,114, $2,225, and $2,472 respectively. The MACD histogram remains in negative territory on the daily candlestick chart, while the RSI hovers around 15, indicating extreme oversold conditions that could slow down the current downtrend.
On the upside, initial resistance appears at the 50-day EMA near $2,114, followed by the 100-day EMA around $2,225 and then the 200-day EMA near $2,472. These levels collectively form a broad supply zone that needs to be reclaimed to ease bearish pressure. The range around $1,600 acts as initial support, but deeper sell-offs could confirm a prolonged bearish structure.#MyStocksQuestion #SpaceXIPOBarsMainlandChinaHongKongInvestors $DUSK $ZKC
On the upside, initial resistance appears at the 50-day EMA near $2,114, followed by the 100-day EMA around $2,225 and then the 200-day EMA near $2,472. These levels collectively form a broad supply zone that needs to be reclaimed to ease bearish pressure. The range around $1,600 acts as initial support, but deeper sell-offs could confirm a prolonged bearish structure.#MyStocksQuestion #SpaceXIPOBarsMainlandChinaHongKongInvestors $DUSK $ZKC