🛑 Support: $3,200, $2,850 - $2,930 (strong historical buying zones) 🚀 Resistance: $3,700, $4,000, $4,800 (breakout could signal a trend reversal)
Market Outlook:
Despite the bearish indicators, ETH is nearing key support levels. If buying pressure increases, we could see a potential bounce. However, breaking below support could lead to further declines.
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Ethereum (ETH) Technical Analysis – February 11, 2025
Ethereum (ETH) is currently trading at $2,712.04, showing a slight 0.026% increase in the past 24 hours.
Key Technical Indicators:
📉 Moving Averages: Strong Sell – indicating a bearish trend
📊 RSI (Relative Strength Index): 34.28 – nearing oversold territory
📈 MACD (Moving Average Convergence Divergence): -144.67 – reinforcing bearish momentum
Support & Resistance Levels:
🛑 Support: $3,200, $2,850 - $2,930 (strong historical buying zones)
🚀 Resistance: $3,700, $4,000, $4,800 (breakout could signal a trend reversal)
Market Outlook:
Despite the bearish indicators, ETH is nearing key support levels. If buying pressure increases, we could see a potential bounce. However, breaking below support could lead to further declines.
🔍 Trade cautiously & watch for trend confirmations! #Ethereum CryptoAnalysis #ETH