ETHEREUM (ETH) decreased by approximately 10 % on February 25. This decrease has pushed the maximum market to less than $ 300 billion, which represents the first time that it has fell to this level since early November 2024.
Multiple indicators, including RSI, moving averages, show, downward momentum. While ETH is moving in this recession, market observers are looking for signs either a constant decrease or a possible reflection.
RSI displays a front country for ethereum
RSI’s RSI is currently 29 after it decreases to 21.3 a few hours ago. This is the first time since February 3 that ETH entered the sales lands, indicating intense sale pressure.
RSI measures the speed and change of price movements, which helps traders determine excessive conditions in excessive wealth or sale. The indicators of the Islamic conference, which is less than 30, indicate that the original is excessive in the sale, while more than 70 indicates that it may be from the purchase.
With the presence of RSI in ETH at 29, it indicates that momentum may be exhausted in the sale, which may put the stage for the apostasy in the short term. However, excessive selling conditions do not always guarantee immediate prices.
If the emotional feelings persist, the eth may continue to face the declining pressure before any major reflection. On the contrary, if buyers interfere with these extra sales levels, the relief gathering may follow.
ETH whales decreased after reaching their highest levels in one year
The number of ETH – headlines that retain at least 1000 ETH – steadily over the past month, increased its peak at 5,828 on February 22, which is the highest level since February 2024. However, this upward trend was reflected recently, with The number now decreases a little bit to a little 5,812.
This shift indicates that some of the great bearers have begun to reduce their positions, which may contribute to the last sale pressure on the ETH.
ETH whale tracking is very important because it controls a large part of the total supply, which affects price movements with purchase and sale activities. When the number of whales increases, it often indicates accumulation, which can support price stability or even driving. On the contrary, the decrease indicates the distribution, which may lead to an increase in the pressure pressure.
The last decrease in the ETH whale numbers can indicate caution, and may indicate short -term weakness.
However, the total number remains relatively high, indicating that despite the emptying of some whales, a large number still occupies its positions, which may help to expand any sharp drops.
Ethereum can decrease to less than $ 2,200 soon
The Ethereum price recently formed a cross of death, via the short -term moving average in the long term, indicating a declining direction.
After this style, the ETHEREUM price decreased to less than $ 2,500, reflecting the increase in the sale pressure. If this declining trend continues, the ETH may decrease to 2159 dollars, as it decreases to less than 2200 dollars for the first time since December 2023. This cross indicates that the landing momentum dominates, and caution determines that the declining pressure may continue.
However, if Ethereum is able to reverse this trend, he may try to penetrate the resistance at $ 2551. This level can be successfully overcome to pave the way for the gathering about $ 2850.
In order for this reflection to occur, the purchase pressure must increase, which leads to the pushing of the moving average in the short term over the long term. Until this happens, the death cross indicates that the volatile emotions are still strong.
Disintegration
In line with the guidance of the confidence project, this price analysis article is for media purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and unbiased reporting, but market conditions are subject to change without notice. Always perform your research and consult with a professional before making any financial decisions. Please note that the terms, conditions, privacy policy have been updated and the evacuation of responsibility.
