Summary:

As of October 14, 2024, the price of Ethereum (ETH) is $2,541, with a market cap of $305 billion. In the last 24 hours, ETH has fluctuated between $2,436 and $2,555, supported by a trading volume of $14.31 billion. Technical indicators suggest a bearish momentum, with key support levels under pressure. On the 1-hour chart, ETH shows weakness, trading below its moving averages and with neutral to slightly bearish momentum indicators. The 4-hour chart shows ongoing struggles for ETH, with resistance at $2,560 and the potential for a downward correction indicated by overbought conditions. On the daily chart, ETH remains below its long-term moving average, with negative indicators and persistent selling pressure. Moving averages across all charts indicate a bearish dominance. The next support level to watch is at $2,430. Bulls need ETH to break above $2,543 and reclaim its moving averages to reverse the trend, while bears remain favorable as long as ETH struggles below $2,543 and stays under key moving averages.



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