#ETH falls below the 100-day moving average, with $2,320 as a key line of defense
Ethereum has remained weak recently, with its price falling from nearly $2,800 in September to around $2,330, a drop of about 17%. ETH has now fallen below the 100-day moving average near $2,365, signaling a weak short-term trend. Several shorter-term moving averages are also continuing to trend downward, with sellers still in control.
The 200-day moving average near $2,320 is an important support level to watch. Buyers previously stepped in near $2,280, but repeated tests of lower levels could gradually weaken support in this area.
Technically, the RSI is currently around 38, approaching oversold territory. This indicates weak buying pressure, but it is not yet enough to confirm that the price has bottomed.
Key levels to watch:
Key support: $2,320. If ETH falls below this level, it could drop further to $2,250, $2,100, or even $1,900.
Resistance to a rebound: $2,460. The outlook may improve if ETH climbs back above this level.
Stronger rebound signal: A break above $2,550 would help further restore market confidence.#股票财报季
Ethereum has remained weak recently, with its price falling from nearly $2,800 in September to around $2,330, a drop of about 17%. ETH has now fallen below the 100-day moving average near $2,365, signaling a weak short-term trend. Several shorter-term moving averages are also continuing to trend downward, with sellers still in control.
The 200-day moving average near $2,320 is an important support level to watch. Buyers previously stepped in near $2,280, but repeated tests of lower levels could gradually weaken support in this area.
Technically, the RSI is currently around 38, approaching oversold territory. This indicates weak buying pressure, but it is not yet enough to confirm that the price has bottomed.
Key levels to watch:
Key support: $2,320. If ETH falls below this level, it could drop further to $2,250, $2,100, or even $1,900.
Resistance to a rebound: $2,460. The outlook may improve if ETH climbs back above this level.
Stronger rebound signal: A break above $2,550 would help further restore market confidence.#股票财报季