Price Prediction
Ethereum Faces Further Downside
Ethereum (ETH) trades around $2,128.86 after failing to sustain its recovery toward $2,450. Market indicators show declining derivatives activity and persistent spot market outflows, indicating investor caution. ETH's daily chart displays a bearish structure, with sellers maintaining control despite previous recovery attempts. The 20-day EMA stands at $2,291.12, and the 50-day EMA at $2,371.16. The Bollinger Bands %B indicator has fallen to 0.02, reflecting substantial selling pressure. However, a potential temporary recovery could occur if buyers defend nearby support at $2,117.67. A breakdown below $2,059.40 would increase the risk of additional losses, while a recovery above $2,236.54 could support a broader bullish reversal.