Ethereum has been too weak recently, with the current price at 1925, having fallen below all short-term and medium-term EMA moving averages, and the moving averages are in a bearish arrangement, showing significant resistance.
From the RSI perspective, it is in the oversold range, indicating that the short-term downward momentum has weakened, and there is a possibility of a technical rebound; however, the strength of the rebound is likely to be suppressed by the moving averages above.
Additionally, the current trading volume is below the 5-day and 10-day average volumes, indicating that the volume has not effectively increased during the decline. Although the bearish forces are dominant, they lack sustained momentum.
In summary, Ethereum $ETH may find support near 1905, with a slight rebound expected, facing resistance around 1935. If the rebound is weak and falls below 1905 again, it may dip to the 1880-1850 range, where you can try small positions.
If Ethereum cannot regain 1954, the bearish trend will continue.
Key support levels: 1905, 1850
Key resistance levels: 1954, 1977
From the RSI perspective, it is in the oversold range, indicating that the short-term downward momentum has weakened, and there is a possibility of a technical rebound; however, the strength of the rebound is likely to be suppressed by the moving averages above.
Additionally, the current trading volume is below the 5-day and 10-day average volumes, indicating that the volume has not effectively increased during the decline. Although the bearish forces are dominant, they lack sustained momentum.
In summary, Ethereum $ETH may find support near 1905, with a slight rebound expected, facing resistance around 1935. If the rebound is weak and falls below 1905 again, it may dip to the 1880-1850 range, where you can try small positions.
If Ethereum cannot regain 1954, the bearish trend will continue.
Key support levels: 1905, 1850
Key resistance levels: 1954, 1977