ETH stays below key moving averages as volume remains weak
BROBROK News · Based on reporting by DiarioBitcoin ·
ETH is trading around $2,266.4, still far below its all-time high and showing weak technical momentum. The price remains under moving averages from 7 to 90 days, while daily volume is well below its recent average.
Key points
- ETH is trading at $2,266.4, about 54.20% below its all-time high.
- The price is below the 7-, 15-, 30-, 50- and 90-day SMAs.
- RSI at 34.3 and MACD readings point to weakness, without confirming a reversal.
- Daily volume of $4.61 billion was 59.36% below the 30-day average.
- The piece cites 23 straight days of ETH ETF outflows and more than $1 billion withdrawn in October.
Why it matters
Weak price structure, lower volume and ETF outflows point to softer demand conditions for ETH. For crypto investors, that provides context for the asset’s recent pressure and subdued trading activity.
Original headline: “ETH cotiza en USD $2.266,4 y sigue bajo sus principales medias móviles”
Read the original on DiarioBitcoin
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.