๐จ Ethereum under clear selling pressure!
$ETH is trading near 2,427$ , down 2.68% on the 4H timeframe after the price broke below the 7 EMA and 25 EMA.
๐ RSI at 25.4 โ oversold conditions, which does open the possibility of a technical rebound, but the short-term trend remains weak.
๐ Key levels: โข Support: 2,404$ โข A break of 2,404$ may open the way toward 2,330$ โข First resistance: 2,468โ2,475$ โข Reclaiming 2,475$ could give buyers a chance to regain momentum.
โ ๏ธ Important: Oversold does not mean the bottom is guaranteed.
Will we see $ETH rebound from 2,400$ , or will sellers break the support? ๐๐ฅ
#ETH #Ethereum #crypto #Binance
$ETH is trading near 2,427$ , down 2.68% on the 4H timeframe after the price broke below the 7 EMA and 25 EMA.
๐ RSI at 25.4 โ oversold conditions, which does open the possibility of a technical rebound, but the short-term trend remains weak.
๐ Key levels: โข Support: 2,404$ โข A break of 2,404$ may open the way toward 2,330$ โข First resistance: 2,468โ2,475$ โข Reclaiming 2,475$ could give buyers a chance to regain momentum.
โ ๏ธ Important: Oversold does not mean the bottom is guaranteed.
Will we see $ETH rebound from 2,400$ , or will sellers break the support? ๐๐ฅ
#ETH #Ethereum #crypto #Binance
