$ETH /USDT – Daily Chart Analysis



Price is at $2,222, down -3.63% in the last 24 hours. This is a significant drop.

Looking at the daily chart, things don't look great. Price is trading below all three EMAs:
EMA5 at $2,268, EMA10 at $2,288, and EMA30 at $2,288. That's a bearish structure on the higher timeframe.

Resistance is at $2,268–$2,288 (the EMA zone), then $2,382**.
**Support** sits at **$2,204 (24H low), then $2,139**, and finally **$2,018.

RSI(6) at 30.6 is approaching oversold. RSI12 at 40.5 and RSI24 at 47.2 show momentum is fading across the board.

Volume is heavy – $5.30B.

What I think:
ETH broke down hard from the $2,300 area. The daily structure is now bearish.
RSI(6) at 30.6 is getting close to oversold, which means a short-term bounce could happen – maybe to $2,260–$2,280. But unless price reclaims those EMAs, the trend stays down.
If $2,204 breaks, next real support is $2,139**, then **$2,018.

Verdict: Bearish on daily. Possible small bounce soon, but trend remains weak.
#BitcoinVShapedReversalBack
ETH-2.66%
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