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📉 $ETH Facing Heavy Selling Pressure – Quick Market Update
Ethereum continues to feel the heat, currently sitting at $1,573.82 (Spot) after a sharp -5.28% drop in the last 24 hours.
Snapshot from the Charts:
4H Chart: Aggressive red candles breaking lower, rejecting the $1,680–$1,700 zone. Price now testing recent lows around $1,567.
1D Chart: Still firmly in a downtrend since May. All major MAs (5/10/30) acting as strong resistance overhead.
MACD deeply negative on both timeframes — momentum remains bearish.
24h Volume: Strong at ~207K ETH, but sellers clearly in control.
Performance Check:
Today: -4.9%
7 Days: -11.1%
30 Days: -26%
180 Days: -46%
The structure shows classic lower highs & lower lows. Key support to watch: $1,500 – $1,567. Resistance: $1,650 – $1,680.
Market is risk-off right now. Will ETH find a bottom and bounce, or do we see more downside toward $1,400–$1,500?
Drop your thoughts below 👇 Are you buying this dip or staying on the sidelines?
#Ethereum #ETHUSDT #CryptoAnalysis #Trading #Altcoins