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CryptoStar

02/07 02:13

Ethereum (ETH) Technical Analysis and Upcoming Lev

Ethereum (ETH) Technical Analysis and Upcoming Level

Experts’ technical analysis suggests that Ethereum has turned bearish, as it has failed to hold above the crucial support level of $2,800 and seems to be continuously falling.

Based on the recent price action and historical momentum, if ETH closes a daily candle below the $2,700 level, there is a strong possibility it could fall by 20% to reach the $2,200 level in the future.

However, ETH’s Relative Strength Index (RSI) is near the oversold area, suggesting a bearish trend and the potential for further price drops.ETHUSDT_2025-02-06_23-49-38-768x336.png

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