ETH Price Stuck Below $3,000 as Bearish Pressure Persists | Airdrop Alert Pro

Ethereum (ETH) prices are working hard to recover from the $3,000 level as bearish momentum continues to recover. this RSI Staying neutral, failing to break more than 50 times since February 1, suggesting that buying pressure has not been significantly strengthened.

Meanwhile, the Directional Movement Index (DMI) indicates that ETH is still on a downward trend, although sales pressure has begun to ease slightly. Since short-term EMA is still lower than long-term EMA, ETH is still at risk of further decline unless momentum changes.

ETH RSI has failed to break through 50 since February 1

Ethereum’s Relative Strength Index (RSI) Currently at 44.7, it has remained neutral since February 3 after a brief decline to 16.7 on February 2. RSI is a momentum oscillator that measures the intensity and speed of price changes on a scale of 0 to 100 to 100.

Typically, RSI exceeds 70 signals with excessive conditions indicating potential price correction, while RSI below 30 indicates over-level, which is usually related to buying opportunities.

Readings between 30 and 70 are considered neutral, which means the market lacks a significant bearish or bearish trend.

and ETH RSI, 44.7it is still in neutral territory but is still working to break through over 50 years old, which has been unable to reach this level since February 1. This suggests that bearish pressure has eased since extreme oversell conditions in early February, but buying momentum remains weak.

If ETH can increase its RSI above 50, it indicates a shift to bullish control, which may lead to higher prices.

However, if you don’t do this, it could indicate an extended merger or even update sales pressure, keeping ETH within a stable trading range until strong demand appears.

Ethereum DMI shows the current trend is still bearish

Ethereum’s Directed Motion Index (DMI) The chart shows that its average direction index (ADX) is currently 34.2, down from 40 two days ago. ADX measures trend strength, and values ​​above 25 usually indicate a strong trend, and values ​​below 20, indicating that the price is weak or combined with the price.

The reading of 34.2 confirms ETH price Although the slight decline in ADX indicates that the trend intensity is weakening, it is still in a clear trend.

ETH’s +DI is currently 16.7, and has been fluctuating between 14 and 18 over the past four days. This indicates a weak bullish momentum. Meanwhile, -DI fell from 33.8 yesterday to 28.9, indicating that sales pressure may be reduced.

despite this, Ethereum is still on a downward trendbecause -di is still significantly higher than +di. If +DI starts to rise when -DI continues to decline, it may indicate that an early transition to momentum reverses toward a potential trend.

However, as long as -DI remains dominant and ADX holds over 25, ETH can continue to face downside risks before any significant recovery is achieved.

ETH price forecast: Will Ethereum return $3,000 in the next few days?

Ethereum The index moving average (EMA) line continues to indicate a bearish trend, with short-term EMA still in a long-term trend below the long-term trend. This consistency suggests that downward pressure remains dominant, putting ETH at risk of further decline.

If this bearish momentum persists, Ethereum Price The price of the support level can be set at $2,356, and failure to hold the area could result in a deeper drop to $2,163.

The current EMA structure reflects the market where sellers maintain control and trends will require a significant shift to reverse the sustained decline.

But if ETH can resume positive momentum, it could return to the $3,000 level. A breakthrough beyond this psychological resistance may indicate a new bullish force that could raise ETH to $3,300.

If the buying pressure is still high, ETH price It can even gather to $3,744, marking the highest price since January 6.