The 50-day Exponential Moving Average (EMA) is about to cross below the 200-day EMA, which could have serious consequences for Ethereum. Despite institutional investors actively buying the asset, there has been frequent selling, causing the price to fall from earlier highs. Trading volume has increased during sell-offs, indicating a growing bearish sentiment. While Ethereum is close to oversold conditions, there is still potential for more declines. However, if the asset finds support at $2,500 and buyers enter aggressively, it could rise back toward the $2,950 resistance level. On the other hand, if there is a clear break below $2,500, further declines towards the $2,200 range could be possible. The death cross pattern could lead to increased selling pressure and a protracted correction if sentiment remains pessimistic. Traders should carefully watch the price movement around the $2,500 support and consider hedging techniques or caution in case of a breakdown, but a notable bounce with volume could present a short-term trading opportunity. The next move of Ethereum will determine if it can overcome the bearish signal or succumb to additional downward pressure.



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