Ethereum seems still has the potential to continue its weakening bias

[Ben Graham]

[Ethereum]

With a Death Cross condition between EMA(50) and EMA(200), and despite RSI(14) still being in the Neutral-Bullish level, Ethereum seems likely to continue its bearish bias toward the nearest support level.

Key Levels

1. Resistance. 2 : 3100.96

2. Resistance. 1 : 3021.41

3. Pivot : 2962.08

4. Support. 1 : 2882.53

5. Support. 2 : 2823.20

Tactical Scenario

Pressure Zone: If the price breaks down below 2,962.08, there is potential seller pressure to push Ethereum toward 2,882.53.

Momentum Extension Bias: If 2,882.53 is broken to the downside, Ethereum could test 2,823.20.

Level Invalidation / Bias Revision

The downside bias is restrained if the price stabilizes above the resistance.

Technical Summary

EMA(50) : 2964.18

EMA(200): 3048.32

RSI(14) : 52.32

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US - CB Leading Index m/m - Tentative

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