Ethereum's price movement has been quite varied lately.
Currently, ETHUSDT is trading around $2,625.80, with a 7.47% increase in the past 24 hours. However, its price has fallen by 1.34% over the last week, and its month performance shows a 6.70% increase.
Technical Analysis
The Relative Strength Index (RSI) has started a nice downtrend, indicating potential bearish momentum. The Moving Averages and Oscillators are showing a neutral to strong buy signal. However, some analysts predict a potential downward movement due to sellers' dominance.
4-Hour Timeframe Analysis
Ethereum has formed a triangle pattern and broken out above it, indicating potential bullish momentum. The Relative Strength Index (RSI) and Moving Averages are neutral, while the MACD Histogram indicates a buy signal. However, some analysts predict a potential downward movement due to sellers' dominance.
Key Statistics
- Market Capitalization: $317.09B
- 24-hour Trading Volume: $19.91B
- Circulating Supply: 120.42M ETH
Community Sentiment
The community is divided, with some traders predicting a bullish trend and others expecting a bearish reversal ¹. It's essential to keep an eye on market news and trends to make informed trading decisions.
Would you like to know more about Ethereum's price predictions or trading strategies?
