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Ethereum (ETH), t he second-largest cryptocurrency by market cap, has been facing a significant downtrend, with its price recently dropping to $1,888. After an extended period of bearish momentum, traders are left wondering— will ETH bounce back, or is there more downside ahead? The latest price action shows ETH struggling to hold above key support levels, while indicators such as RSI and MACD hint at potential oversold conditions. In this analysis, we’ll examine whether Ethereum is preparing for a relief rally or if the bearish pressure will continue to push it lower. A crucial factor in determining Ethereum’s next move is the Relative Strength Index (RSI). Currently, the RSI stands at 25.12, which is deep in the oversold territory. Typically, an RSI below 30 signals that an asset is oversold, potentially triggering a short-term bounce as buyers look for discounted prices. However, an oversold RSI alone doesn’t confirm a reversal. The key level to watch is whether ETH can push above the 30-35 RSI range, which would indicate returning bullish momentum. If RSI remains suppressed, ETH could continue its downward slide before finding a firm bottom. The Moving Average Convergence Divergence (MACD) indicator paints a highly bearish picture. The MACD histogram is currently -193.6, indicating strong negative momentum. Additionally, the MACD line is far below the signal line at -18.8, reinforcing the bearish outlook. For a trend reversal, we need to see the MACD line start curving upward and crossing above the signal line. Without this, Ethereum is likely to continue facing selling pressure, possibly testing lower support zones before a meaningful recovery. Ethereum is currently testing a crucial support level around $1,850-$1,880. This zone has previously acted as strong support, and if ETH holds above it, we could see a short-term rebound toward $2,000-$2,100. If the support fails, ETH could drop further, with the next major support at $1,700-$1,750. A breakdown below this level would put Ethereum in dangerous territory, potentially leading to a sharper sell-off toward $1,500. On the upside, ETH faces resistance at $2,000, a psychological level that must be reclaimed for a bullish shift. If ETH breaks above this resistance and sustains momentum, it could pave the way for a recovery toward $2,250-$2,400. The technical indicators suggest that Ethereum is at a critical inflection point. The deep oversold RSI hints at a potential short-term bounce, but the strong negative MACD momentum suggests continued bearish pressure. For Ethereum to stage a recovery, it must hold above the $1,850 support and push past $2,000 to confirm bullish momentum. If it fails to do so, the bearish trend could extend toward $1,700-$1,750, leading to further downside risk. Ethereum is currently facing intense selling pressure, but oversold conditions might provide an opportunity for a relief bounce. Traders should watch for RSI recovery above 30 and MACD signals of trend reversal before confirming a bullish stance. Until then, Ethereum remains vulnerable to further declines, with $1,850 as the key support zone to watch.

Avalanche (AVAX) has been on a rough ride lately, facing persistent bearish pressure that has driven its price lower. Once a strong performer in the altcoin space, AVAX price has struggled to regain its momentum after a series of declines. Investors are now questioning whether the current price action signals a potential reversal or if further downside is on the horizon. With the price hovering around $18.70, traders are closely watching key support and resistance levels. The technical indicators, including the RSI, MACD, and candlestick formations, provide valuable insights into what might come next for AVAX price . Is this a prime buying opportunity, or should investors brace for more losses? Let’s dive into the analysis. Avalanche (AVAX) has been on a prolonged downward trend , with its price struggling to find solid support. The latest daily chart indicates that AVAX is hovering near the $18.70 level after a significant sell-off. The price action suggests bearish dominance, but is there a chance of a rebound? One key observation is the candlestick formation on the Heikin Ashi chart. The red candles have been persistent, signaling a continuation of the bearish momentum. However, the appearance of small-bodied candles with wicks suggests potential indecision among traders, which could be an early sign of a reversal attempt. The Relative Strength Index (RSI) is currently at 35.77, hovering near the oversold zone but not yet confirming a complete reversal. Generally, RSI below 30 is considered oversold, which often triggers buying interest. While AVAX is approaching this level, it hasn’t fully reached an extreme low that would typically indicate a strong buying opportunity. Additionally, the RSI moving below the signal line confirms that momentum is still weak. A decisive push above 40 on the RSI could strengthen the bullish argument, but as of now, the bearish sentiment remains dominant. The MACD (Moving Average Convergence Divergence) indicator is another crucial tool in analyzing AVAX’s price trend. The MACD histogram is slightly improving, but it remains below the zero line, which confirms that bearish pressure is still present. The MACD line is at -2.12, barely attempting to cross above the signal line (-2.11). A bullish crossover of these lines would be a strong reversal signal, but until that happens, the possibility of further downside remains on the table. AVAX is currently testing an important support zone around $18.50-$18.70. If this level holds, there is a chance for a relief bounce, potentially pushing the price toward $20.50-$21.00, where the next resistance lies. On the downside, if sellers break below $18.50, AVAX could slide further towards $16.80, which is the next major support level based on historical price action. A break below this could trigger further panic selling. The current indicators suggest that AVAX is still in a bearish phase, but some signs of potential stabilization are emerging. If AVAX holds above $18.50 and buyers step in, we could see a short-term recovery. However, for a strong bullish reversal, the price must reclaim $21.00 and sustain above it. On the other hand, if selling pressure continues and the price fails to hold the $18.50 support, further declines towards $16.80 or even $15.00 could be expected.

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