Crypto: Ethereum drops -4.92% – Market Pulse
Market Overview
| Coin | Price | Change | MA50 | MA200 | RSI |
|---|---|---|---|---|---|
| Bitcoin | $103457.38 | -2.90% | $113432.75 | $109959.32 | 34.6 |
| Ethereum | $3425.15 | -4.92% | $4123.82 | $3371.69 | 32.1 |
| Binance Coin | $953.55 | -3.93% | $1093.17 | $813.86 | 34.0 |
| XRP | $2.34 | +1.24% | $2.68 | $2.62 | 39.2 |
| Solana | $161.50 | -2.76% | $205.61 | $179.88 | 31.3 |
| Dogecoin | $0.17 | -0.25% | $0.22 | $0.21 | 32.3 |
| Cardano | $0.54 | -1.51% | $0.74 | $0.74 | 29.3 |
| Avalanche | $16.60 | -0.29% | $25.26 | $23.05 | 29.3 |
| Polkadot | $2.65 | +2.55% | $3.56 | $3.91 | 34.1 |
| Chainlink | $15.14 | -0.68% | $19.86 | $17.97 | 34.1 |
Top Gainer: Polkadot (+2.55%)
Technical Outlook
Polkadot (DOT) is currently priced at $2.65, reflecting a daily increase of 2.55%. The asset remains below its 50-day moving average (MA50) of $3.56 and 200-day moving average (MA200) of $3.91, indicating potential bearish sentiment. The Relative Strength Index (RSI) at 34.1 suggests the asset is nearing oversold territory, while the MACD value of -0.207 further underlines a negative momentum trend. Investors should closely monitor these indicators for signs of reversal or continued bearish pressure.
Top Loser: Ethereum (-4.92%)
Technical Outlook
Ethereum is currently trading at $3,425.15, reflecting a daily decline of 4.92%. The asset is below its 50-day moving average of $4,123.82, indicating bearish sentiment, while the 200-day moving average at $3,371.69 suggests potential support. With a Relative Strength Index (RSI) of 32.1, Ethereum is approaching oversold territory, which may signal a reversal. However, a MACD of -125.241 points to continued selling pressure. Investors should remain cautious and watch for signs of stabilization before entering.
Warning Disclaimer
The content on MarketsFN.com is provided for educational and informational purposes only. It does not constitute financial advice. Cryptocurrency markets are highly volatile. Past performance does not guarantee future results. You are solely responsible for your investment decisions.
