đ $ETH /USDT Technical & Market Analysis â October 10, 2024
Ethereum (ETH) is currently trading at $2,386.71, reflecting a -3.25% decline in the past 24 hours. Here's a breakdown of the latest data and trends:
24h High: $2,466.97
24h Low: $2,351.42
24h Volume: 248,172.53 ETH / 594.21M USDT
đ Technical Indicators:
EMA & MA: ETH remains below key moving averages, signaling a short-term bearish trend.
MACD: Bearish divergence, suggesting potential downward pressure in the near term.
RSI: Hovering around oversold territory, indicating a possible reversal or consolidation ahead.
Bollinger Bands: Widening, reflecting higher volatility.
đĄ Outlook: While ETH has faced selling pressure, the proximity to oversold levels on RSI and support near $2,351 could lead to a bounce. Traders should watch for key support levels and potential recovery signals.
