ETH at $2,422: bearish technicals meet key support as volume halves
- —ETH sits below its 5-, 7-, 15- and 30-day SMAs but above the 90- and 200-day
- —Daily volume of $6.25 billion is 52.88% below the 30-day average
- —RSI at 39, stochastic at 23.6 and MACD bearish
- —Market cap $295.89 billion, 51% below the $4,948 all-time high
Why it matters: A break below the $2,361.92 intraday low would open the door to the 90-day SMA; a reversal needs stronger volume and a reclaim of the short-term averages.
Source: DiarioBitcoin