Ethereum falls to $2,596 on above-average volume, tests support
- —ETH at $2,595.95, below SMA-7, SMA-15 and SMA-30 but above SMA-50, 90 and 200
- —Daily volume of $17.42 billion is 23.22% above the 30-day average
- —MACD is bearish and RSI at 48.2 does not signal oversold conditions
- —Support at $2,553.40, nearest resistance at SMA-30 of $2,607.10
Why it matters: ETH's short-term weakness on elevated volume needs confirmation: holding $2,553 will determine whether the longer-term uptrend structure stays intact.
Source: DiarioBitcoin