Ethereum faces bearish pressure

Bearish trend reversal is expected

Ethereum live price for today is $1,798.04 with a 24-hour trading volume of $8,332,326,348. Real-time updates of ETH to USD price. Ethereum is up 0.14% over the last 24 hours. The current CoinMarketCap ranking is #2 with a current market capitalization of $220,033,469,377. We have 122,373,866 ETH coins and the largest circulation inventory.

            Chart Notes: 

           • Chart time-zone is UTC (+03:00)

           • Candles’ time-frame is 4h.


Ethereum (ETH) is currently trading at support levels, but the bulls are yet to dominate the market. The down slope suggests the bears are losing momentum, but the Relative Strength Index (RSI) is at the dynamic resistance level and another downward wave of ETH is likely. Before entering a short position, traders should wait until the price line breaks below the red resistance level and monitor the RSI and other technical indicators for further insight into market sentiment.

• DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore Ltd”. This post has been published only for educational purposes.