🔻 ETH Struggles Below $2K
Ethereum briefly touched $2,000 post-FOMC but quickly reversed, showing signs of weakness. Selling pressure is building as momentum fades, and traders now eye support zones.
📉 RSI Drops Sharply
ETH’s RSI plunged from 71 to 46.63 in just two days, leaving overbought territory and entering a neutral zone. This shift signals fading bullish momentum, with potential for either consolidation or further downside if demand doesn’t return.
📊 DMI Signals Bearish Shift
Ethereum’s DMI shows weakening trend strength. ADX fell to 17.96, and the -DI (23.12) crossed above +DI (21.17), highlighting growing bearish control. Unless bulls step in, ETH may struggle to recover.
🛑 Key Support & Resistance to Watch
If the correction continues, ETH could drop to $1,867 or even $1,759. A break below $1,700 would mark a new low since Oct 2023. On the upside, reclaiming $2,106 could trigger a rally toward $2,320–$2,546 — nearly 30% higher from current levels.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
