Bear Market Blues?
#Ethereum✅ support levels could offer Golden Opportunities
$ETH on the short-term chart shows RSI at 32.85, suggesting the asset is nearing oversold territory, with a slight uptick in MACD to 0.13. This could signal a bounce for opportunistic buyers around $2207.40, but weak volume may limit upward movement.
Hourly chart indicates stronger bearish pressure, with RSI at 26.10 and a widening MACD at -14.65. However, support at $2206.37 could hold, offering a potential entry point for traders looking to profit from a reversal.
Daily chart presents sustained bearish conditions, with RSI at 31.50 and MACD at -15.78, indicating continued selling pressure.
Traders should monitor support levels closely, considering shorting opportunities below $2207.40, while long-term buyers can position themselves for potential gains if the trend reverses and pushes back above $2438.23.