Ethereum Dips Below $2450 – Bearish Signs Prevail! 📉

$ETH price has dropped 5% in the past 24 hours, currently at $2430. The decline is mostly driven by geopolitical tensions between Iran and Israel, creating market volatility - other major coins like $BTC and $BNB are also down.

Ethereum Technical Indicators:
🔹 RSI is down to 42, approaching oversold territory.
🔹The price is close to the lower Bollinger Band, indicating potential downward movement.
🔹 Both SMA & EMA are trending down, confirming bearish momentum.
🔹 MACD is below the signal line, signaling a continuation of the bearish trend.

Despite short-term declines, institutional interest in ETH remains strong. ETFs and other innovations are still developing, but global events and the risk of escalation in the Middle East will likely drive further market fluctuations in the near term. Stay alert! 🌍