📉SHORT: $ETH (1H)
#ETHUSD | #ETH | #Ethereum
Current Price $2396.49
Market Cap $288.29B
Change 1h -0.55% | 24h +0.85%
Hourly Indicators:
• RSI: 38 - Neutral 🟠
• MACD: -4 - Bearish 🔴
• EMA: 2433 - Below 🔴
Analysis:
Ethereum recently breached the critical support level at $2,900 in early August, plunging to a low of $2,300. Following the dip, it attempted a recovery, retesting the broken support level as expected. The attempt, however, shows signs of resistance around the $2,600 mark.
Price Targets:
With the current bearish momentum taking hold, Ethereum seems poised to target the $2,000 zone next. Immediate resistance levels might form at around $2,400 and $2,600, making these potential points of interest for reversal or further decline. Stay tuned for more moves!