On the ETH daily chart, it has fallen below the middle band of the Bollinger Bands at $4,100, with key support at $4,000 (psychological level + EMA30).
The daily chart MACD has a death cross, RSI is oversold, there is a short-term rebound but the momentum is insufficient.
In the short term, it will test the support at $4,000, and if it breaks below, it will accelerate to $3,900 or even $3,750. A rebound requires recovering $4,250 to temporarily halt the downtrend.
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On the ETH daily chart, it has fallen below the middle band of the Bollinger Bands at $4,100, with key support at $4,000 (psychological level + EMA30).
The daily chart MACD has a death cross, RSI is oversold, there is a short-term rebound but the momentum is insufficient.
In the short term, it will test the support at $4,000, and if it breaks below, it will accelerate to $3,900 or even $3,750. A rebound requires recovering $4,250 to temporarily halt the downtrend.