Ethereum Price Tumbles 5.78%, Reaching Lowest RSI Since August 2023

Here's the breakdown:

Ethereum price has taken a hit, dropping 5.78%.This drop coincides with Ethereum's RSI reaching its lowest level since August 2023, signaling bearish sentiment in the market.
Analysts fear a further price decline if Ethereum breaches the $2,480 support level.

However, there's a silver lining:

Trading volume remains stable, suggesting investors are holding their ground and not resorting to panic selling.

Stay tuned for further updates!

#Ethereum #Binance #Crypto #MarketAnalysis