Ethereum near the 2712$ level, with sell pressure visible on short timeframes, while the price remains below key moving averages and the MACD is bearish.
๐ The money flow is also leaning toward selling: ๐ด Sell: 308.51K ETH
๐ข Buy: 295.56K ETH
โก๏ธ Net flow: about -12.95K ETH
However โ ๏ธ indicators such as RSI and Williams %R have entered oversold zones, so a temporary rebound remains possible before the next move is determined.
๐ป A break of support could open the door for further downside.
๐บ Meanwhile, reclaiming the lost areas could provide an opportunity for a rebound.
The conflict is clear right now: sellers are applying pressure, but $ETH has reached an area that requires caution for a sudden rebound.
๐ The money flow is also leaning toward selling: ๐ด Sell: 308.51K ETH
๐ข Buy: 295.56K ETH
โก๏ธ Net flow: about -12.95K ETH
However โ ๏ธ indicators such as RSI and Williams %R have entered oversold zones, so a temporary rebound remains possible before the next move is determined.
๐ป A break of support could open the door for further downside.
๐บ Meanwhile, reclaiming the lost areas could provide an opportunity for a rebound.
The conflict is clear right now: sellers are applying pressure, but $ETH has reached an area that requires caution for a sudden rebound.
