ETH drops 3.92% to $2,415.61, trading below short-term moving averages
- —ETH fell 3.92% to $2,415.61 on $13.05 billion in daily volume
- —Price sits below the 7-, 15-, 30- and 50-day SMAs and VWAP, but above the 90- and 200-day averages
- —MACD histogram at -30.47 confirms persistent selling pressure
- —RSI at 36 and stochastic at 2.5 point to a possible technical rebound
Why it matters: As long as ETH holds above its 90- and 200-day averages, the drop looks like consolidation rather than a trend break, but buying a bounce without volume confirmation is risky.
Source: DiarioBitcoin