Current Market Conditions
Market dynamics shift rapidly, and a few hours can make a meaningful difference. The information below reflects current market conditions and should not be interpreted as investment advice.
Ethereum trades around 3,183.74 (-0.38%), showing bearish momentum on the 1-hour chart and bearish across the 4-hour timeframe. The daily trend remains bearish, while the broader weekly structure is bearish.
Technical Analysis and Indicators
Momentum indicators show RSI below 50, with RSI at 40.81, and the MACD suggesting bearish momentum. Volume has been stable, confirming selling pressure. Volatility (HV10 ≈ 52.477K) signals high volatility.
Key Levels and EMAs
Key levels to monitor include support at 3,050.00 and 3,100.00, and resistance at 3,200.00 and 3,300.00. The EMA stack shows EMA20 at 3,398.75, EMA50 at 3,698.71, and EMA200 at 3,911.78.
Trading Strategies and Outlook
For traders, the short-term setup favors bearish strategies, with opportunities emerging if price holds above 3,100.00 or rebounds from 3,050.00. A daily close beyond those zones would likely unlock momentum toward 3,300.00, while failure to defend support could invite a pullback to 3,000.00.
Broader Market Sentiment
Macro sentiment remains bearish, echoing trends across major cryptocurrencies like Bitcoin and Ethereum.