Ethereum Price Update: ETH Battles Key $4,000 Support:
Ethereum is under pressure after recent selling pushed the price below key moving averages, testing the $4,000 psychological support. Currently, ETH trades around $4,000, showing bearish momentum but hinting at a possible short-term relief bounce. Short-term bias: Bearish Medium-term view: Oversold conditions suggest a possible bounce before deeper declines, but traders should watch key support and resistance levels closely.
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Ethereum Price Update: ETH Battles Key $4,000 Support:
Ethereum is under pressure after recent selling pushed the price below key moving averages, testing the $4,000 psychological support. Currently, ETH trades around $4,000, showing bearish momentum but hinting at a possible short-term relief bounce.
Short-term bias: Bearish
Medium-term view: Oversold conditions suggest a possible bounce before deeper declines, but traders should watch key support and resistance levels closely.
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