$ETH The momentum of ETH on Binance currently shows some weak signals, as the price is trading at $3,197.45, with a decrease of 3.42%.
*Factors Influencing:*
- *Sell Pressure*: Continued sell pressure on $ETH .
- *Technical Indicators*: Indicate weak momentum, with RSI at 46.13 and MACD in the negative zone.
- *Strong Support*: ETH is holding around the $3,000-$3,200 level.
*Technical Analysis:*
- *RSI*: Around 46.13, indicating weak momentum.
- *MACD*: Shows a bearish crossover, reinforcing the downtrend.
*Future Predictions:*
- If the current momentum continues, the price of ETH may reach higher levels, such as $3,500-$4,000.
- If ETH loses the support level, it may drop to lower levels, such as $2,800-$3,000.
Remember that the cryptocurrency market is volatile, so you should do your own research and consult a qualified financial advisor before making any investment decisions. ¹ ²
