$ETH is currently looking weak, but it has started recovering a little.
$ETH
ETH price: $2,492
It was falling earlier and reached around $2,483.
Now it has bounced back toward $2,492, which shows buyers are trying to recover the price.
But the MA60 is around $2,493, and ETH is still slightly below it. So the short-term trend is still bearish/weak.
$2,493–$2,498 is the important resistance area. If ETH breaks and stays above it, the recovery could continue.
$2,486 is an important support. Below that, it could fall again toward $2,483.
#ETH #Ethereum
$ETH
ETH price: $2,492
It was falling earlier and reached around $2,483.
Now it has bounced back toward $2,492, which shows buyers are trying to recover the price.
But the MA60 is around $2,493, and ETH is still slightly below it. So the short-term trend is still bearish/weak.
$2,493–$2,498 is the important resistance area. If ETH breaks and stays above it, the recovery could continue.
$2,486 is an important support. Below that, it could fall again toward $2,483.
#ETH #Ethereum
