Ethereum Price Analysis: ETH Crashes 10% Weekly – How Low Can It Go?
📉 Ethereum's price has dropped significantly, nearing $2.42K, after failing to break through the $2.68K–$2.77K resistance zone, indicating increased seller control.
🔄 The daily RSI has fallen to around 44, suggesting weakened momentum, but Ethereum remains above key moving averages, preserving a constructive long-term outlook despite the current downturn.
⚠️ The critical demand zone at $2.40K–$2.42K is under pressure; failure to hold this level could lead to further declines toward September lows, while a recovery above $2.68K–$2.77K is essential for a bullish reversal.
📉 Ethereum's price has dropped significantly, nearing $2.42K, after failing to break through the $2.68K–$2.77K resistance zone, indicating increased seller control.
🔄 The daily RSI has fallen to around 44, suggesting weakened momentum, but Ethereum remains above key moving averages, preserving a constructive long-term outlook despite the current downturn.
⚠️ The critical demand zone at $2.40K–$2.42K is under pressure; failure to hold this level could lead to further declines toward September lows, while a recovery above $2.68K–$2.77K is essential for a bullish reversal.