Ethereum remains under heavy pressure as the broader crypto market continues its correction. With the price losing key support levels and sentiment growing increasingly cautious, all eyes are on whether ETH can stabilize above major zones, or if another leg down is coming.
Technical Analysis
By Shayan
The Daily Chart
On the daily timeframe, ETH has fallen below both its 100-day and 200-day moving averages, currently hovering around $2,800. This breakdown came after several days of consolidation near the $3,000 level, which acted as a weak support before the market finally cracked.
The RSI also sits deep near the oversold territory around 30, reflecting strong bearish momentum. If the asset fails to reclaim the $3,000–$3,100 zone soon, the next significant support lies around $2,500, a previous demand zone that could act as a potential bounce area.
The 4-Hour Chart
Zooming into the 4-hour chart, ETH has formed a bearish rising wedge pattern during its recent relief move, typically a
We współpracy z: https://cryptopotato.com/ethereum-price-analysis-can-eth-stabilize-or-is-another-pullback-brewing/
