$ETH in the $2,520 zone: next a bounce or a drop?
$ETH is holding at US$2,507, up 0.37% in 24h.
The 24h range was between 2,496 and 2,520, with a volume of USD 446 M. The EMA20 at 2,518 and EMA50 at 2,573 indicate a bearish trend on the 4h chart; an RSI of 40.8 suggests selling pressure, but it is not yet in oversold territory.
$STRK (+60.0%) and $ZEC (+0.7%) are also moving, with volumes of USD 126 M and USD 88 M, respectively, leading the morning watchlist.
Key support levels: 2,496 and 2,474. If the price breaks through the 2,520 resistance, the next target would be 2,538; any drop below 2,496 would invalidate the bullish scenario. On the bearish side, a break below 2,496 would open the way to 2,474, while a recovery above 2,520 would rule out further downside.
Will it break 2,520 or return to 2,496? 🟢/🔴
#ethereum #defi
This is not financial advice. Verify before investing.
$ETH is holding at US$2,507, up 0.37% in 24h.
The 24h range was between 2,496 and 2,520, with a volume of USD 446 M. The EMA20 at 2,518 and EMA50 at 2,573 indicate a bearish trend on the 4h chart; an RSI of 40.8 suggests selling pressure, but it is not yet in oversold territory.
$STRK (+60.0%) and $ZEC (+0.7%) are also moving, with volumes of USD 126 M and USD 88 M, respectively, leading the morning watchlist.
Key support levels: 2,496 and 2,474. If the price breaks through the 2,520 resistance, the next target would be 2,538; any drop below 2,496 would invalidate the bullish scenario. On the bearish side, a break below 2,496 would open the way to 2,474, while a recovery above 2,520 would rule out further downside.
Will it break 2,520 or return to 2,496? 🟢/🔴
#ethereum #defi
This is not financial advice. Verify before investing.