Ethereum (ETH) Turns South: Is It Sliding Toward a Deeper Correction Phase?
Ethereum (ETH) is experiencing a bearish downturn, with its price dropping to around $3,222.34 amid a broader market decline. Trading volume surged by 143%, reaching $28.14 billion, while $156.31 million in ETH was liquidated. A critical support level is identified at $3,085; holding above it may preserve bullish structure and open a path toward $3.4K, while a break below could weaken momentum. Technical indicators signal bearish dominance: the MACD line is below zero, the Bull Bear Power is negative, and the RSI at 41.37 suggests further potential downside. Mild buying pressure exists but is insufficient to counter the current bearish trend.
TheNewsCrypto01/19 13:44