Ethereum ($ETH ) is currently showing some bearish pressure, trading at $1,979.94 (-3.92%). Here’s a quick breakdown of what the chart is telling us:
Price Action: After a sharp drop from the $2,102 high, $ETH found a local bottom at $1,927.60.
$ETH It's currently fighting to stay above the MA(25) at $1,971, but remains capped by the MA(99) at $1,982.
Volume: We saw a spike in selling volume recently, indicating that the bears are currently in control of the short-term trend.
ETH
1,965.34
-2.58%