ETH price news: persistent bearish signals with RSI oversold and resistance at $3,661.43

Traders Union
All News
Crypto
Ethereum slides 1.28% today to $3,407

Highlights

Ethereum (ETH) trades at $3,407.61, remaining below key moving averages with short- and medium-term bearish pressure but long-term support at the MA-200 ($3,405.10).
Institutional and whale investors injected $1.37 billion into ETH over three days, while exchange reserves dropped to their lowest level since 2016, signaling accumulation despite recent realized losses.
Technical indicators for ETH are firmly bearish, with a negative MACD, RSI at 37.02, and a likely trading range of $2,725.51–$3,510.60 as further downside risk persists if MA-200 support fails.

Whale inflows and reduced reserves signal long-term accumulation shift

Institutional and whale investors injected $1.37 billion into ETH over a three-day period, resulting in notable capital inflows. Exchange reserves for ETH fell to their lowest level since 2016, as investors transferred holdings to long-term storage. On-chain data revealed recent average realized losses for traders, and broader crypto market volatility led to $1.14 billion in liquidations, with Ethereum's metrics cited in regulatory reports.

Persistent negative signals as oversold indicators reinforce downside risk

Technical signals for ETH remain firmly bearish: the daily MACD is negative, the ADX at 23.02 signifies a gentle but persistent downtrend, and most oscillators point to oversold conditions (RSI at 37.02, CCI oversold, BBP deeply negative). The Awesome Oscillator similarly maintains a negative bias, with price action drifting near the top of today's $3,359.20 – $3,411 range and moderate volatility. The MA-200 ($3,405.10) stands as a last line of long-term support; near-term resistance is found at $3,661.43.

Narrow trading band expected as rebound odds remain minimal

ETH is likely to consolidate within the $2,725.51 to $3,510.60 band over the upcoming week, with less than a 20% probability for a rebound. Further declines are more probable unless the price sustains above $3,660 resistance. If support at the MA-200 ($3,405) fails, sellers could accelerate downward momentum toward the lower end of the projected range.

Anton Kharitonov, analyst at Traders Union, sees ETH stuck in a technical downtrend despite recent institutional interest and low exchange reserves. He notes the price sits just above the MA-200, which is now the last strong support. Downside risks prevail unless $3,660 resistance is cleared. "Failure to hold above the MA-200 at $3,405 could trigger deeper losses — my base case stays defensive until bulls show strength."

Previously it was noted that JPMorgan’s recent 13F filing revealed significant holdings in BitMine Immersion Technologies, reflecting a change in stance following Jamie Dimon's prior opposition to cryptocurrencies. The company shifted its focus earlier this year, implementing a MicroStrategy-style strategy for Ethereum and beginning to accumulate ETH, according to its Q3 earnings report published last month.

Source of Data: ETH Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.