Ethereum Battles 100-Day MA: $2,000 Critical Support
— CryptoPotato
ETH is caught between the 100-day MA and the $2,000 support level.
Ethereum struggles with the 100-day MA while trying to hold the $2,000 support level.
- Ethereum is battling the 100-day moving average (MA) and trying to hold the $2,000 support level, currently trading around $2,120.
- The RSI has recovered to 40 from last week's lows but shows no clear directional bias. Price is compressed between the $2.15k resistance zone.
- Funding rates are positive, indicating new long positions are being opened, but holding the $2,000 support is crucial.
The 100-day MA and $2,000 support level are key in defining ETH's market structure.