Currently, the price of Ethereum (ETH) is $3,884.63, reflecting a -3.34% decrease from the previous close.
ETH is trading within a daily range of $3,855.15 to $4,022.56.
Technical Analysis:
Moving Averages (MA):
ETH is trading above the 50-day moving average at $3,680, indicating strong support. (Source)
Relative Strength Index (RSI):
The RSI is at 48.70, indicating a neutral market condition. (Source)
Support and Resistance Levels:
Support:
Currently at $3,680.
Resistance:
Currently at $4,022.56.
Outlook:
ETH is expected to continue trading within this range, with potential testing of the mentioned support and resistance levels.
Note:
Due to the volatility in the cryptocurrency market, it’s important to stay updated with news and market movements.