$ETH Update – How much more can ETH dip?
Ethereum is sitting at an important zone right now. RSI is neutral to slightly bearish, so there’s still room for downside before ETH gets oversold. MACD remains weak, showing short-term selling pressure isn’t done yet. Price is hovering around key 20 & 50 EMAs, and a clean break below them could open more downside.
🔎 Levels to watch:
• First support: $3,200–$3,300
• If that fails: $2,400, and worst-case $2,000 on a deeper breakdown
• Upside recovery needs $3,700–$3,900, with a real trend flip above $4.3k–$4.5k
🐋 Whale activity: big wallets are still accumulating on dips, and exchange balances are staying lower. That’s a positive long-term sign and could help limit heavy sell-offs.
🧠 Bottom line: short term trend is neutral-bearish, so dips are possible. But strong whale accumulation means ETH still has solid long-term support if the market stabilizes.
