$ETH Based on the analysis of 17 technical indicators (2 buy recommendations and 12 sell recommendations), the forecast for the short-term perspective is bearish. The first major resistance to the upward trend for ETH is at the level of $3031. To continue the growth, it is necessary to close above this level, while the lower support is located at the level of $2894. Thus, if the price falls below $2894, we may see further declines. On the other hand, if the price can close above the level of $3031, it may rise to the next resistance level at $3149.
ETHUSDT
Perp
2,945.09
+0.69%
The 14-day Relative Strength Index (RSI) currently stands at 46.58, indicating natural market conditions without oversold or overbought conditions. Similarly, the Relative Strength Index (RSI) on the weekly chart is 62.00, which also indicates natural market conditions.
On the daily chart, the exponential moving averages show a bearish signal. The price of Ethereum is currently below all exponential moving averages.
