Ethereum drops 4.64% to $2,489 as volume runs 38% above average
- —ETH trades at $2,489.22, down 4.64% on the day
- —Volume of $19.74 billion is 38.02% above the 30-day average
- —RSI at 39.5 and bearish MACD; price below 7-, 15-, 30- and 50-day SMAs
- —Seven-day return -9.28%; ETH is 49.69% below its all-time high
Why it matters: Ether's technical weakness, driven by rising Treasury yields and a firmer dollar, is weighing on altcoins, with no confirmed reversal signal yet.
Source: DiarioBitcoin