ETH latest news: RSI oversold at 29.63 — downtrend persists despite institutional interest

Traders Union
All News
Crypto
Ethereum slides 7.44% today to $2,809

Highlights

FG Nexus sold 10,922 ETH, raising about $33 million to fund a share buyback following recent stock price declines.
The company retains approximately 40,000 ETH and $37 million in cash and USDC, aligning with filings to expand future Ethereum purchases.
BlackRock established the iShares Staked Ethereum Trust ETF in Delaware and is preparing a formal SEC application, underscoring institutional commitment to Ethereum staking products.

Whale liquidation and ETF launches fuel institutional flows and market repositioning

FG Nexus executed a sale of 10,922 ETH, raising about $33 million to fund a share buyback program in response to recent stock price declines. The company now holds approximately 40,000 ETH and $37 million in cash and USDC, aligning with previous filings to expand future Ethereum purchases. In addition, BlackRock established the iShares Staked Ethereum Trust ETF as a Delaware statutory trust under the Securities Act of 1933 and is preparing for a formal SEC application, further signaling institutional commitment to Ethereum staking products.

Oversold signals deepen as technical barriers reinforce downside risk

ETH remains well below its key daily moving averages — MA-20 ($3,344.13), MA-50 ($3,796.04), and MA-200 ($3,489.85) — which confirms ongoing bearish momentum over the short, medium, and long term. The closest dynamic resistance is set by the Ichimoku Kijun level at $3,522.98, while there is no notable Ichimoku support nearby at the current price. Technical indicators reinforce this downtrend: MACD and ADX both highlight a strong downside move, RSI at 29.63 marks oversold status, and deep negative readings from Stoch RSI and CCI confirm overwhelming seller dominance. The negative BBP value and sustained downward signal from the Awesome Oscillator further validate short-term selling pressure.

Downside scenario prevails as low breakout odds limit bullish potential

In the short term, ETH is expected to trade in the $2,700 to $2,850 corridor, reflecting a high likelihood of continued consolidation or further decline. The probability of a price increase is low, estimated at less than 20%, making downside continuation the baseline scenario. A move above $2,850 could shift the outlook to a bullish breakout toward $2,900, but a decisive drop below $2,700 would accelerate losses with $2,600 as the next support target.

Viktoras Karapetjanc, expert at Traders Union, sees ETH under clear short-term pressure yet remains optimistic due to persistent interest from major institutions. He notes the recent FG Nexus sale and BlackRock’s ETF preparations as signals that institutional confidence in Ethereum’s fundamentals is undiminished. Despite prevailing bearish technicals, Karapetjanc believes growing institutional participation can set the stage for future recovery. He expects short-term consolidation with possible weakness, but sees medium-term upside if bullish catalysts develop. "Aggressive accumulation by institutions is a long-term tailwind — patient bulls should stay focused on the macro picture."

Previously it was noted that British hacker Joseph James O’Connor was ordered to return significant cryptocurrency holdings including Ethereum, Bitcoin, and BUSD due to a civil recovery order. Last time we reported that Ethereum gained 0.58% today with a mild rise as the asset remained under technical and sentiment-based pressure.

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.