$ETH has been experiencing a bearish trend with a notable drop in price. The chart shows ETH approaching or possibly breaking through a significant support level around $3,364, indicating potential for further downside movement. #Crypto2025Trends
Bearish Engulfing Candle: A bearish engulfing candle was observed on the daily chart, suggesting increased sell pressure and a possible continuation of the downward trend.
Technical Indicators: Indicators like the stochastic have crossed down, signaling bearish momentum.
Support Levels: There's mention of ETH potentially finding support around $3,200 or even lower at $3,000 if the current support levels fail to hold.
Volume: The volume has been decreasing, which could imply that the current trend might be losing some steam, but this doesn't necessarily predict a reversal.
Resistance: ETH has been struggling to close above previous resistance levels like $3,550, further supporting the bearish outlook.