Why is Ethereum USD down 4.73% today?

ETHUSD declined due to profit-taking and broader cryptocurrency market weakness. The price fell from the 50-day moving average of $2616.67, with sellers in control. Year-to-date losses of 37.87% reflect sustained selling pressure throughout 2026.

What does the RSI reading of 28.53 mean for ETHUSD?

RSI at 28.53 indicates oversold conditions, suggesting selling pressure may be easing. Historically, oversold readings often precede bounces, though they don't guarantee immediate reversal. This level suggests potential support from buyers entering at lower prices.

Where is the next support level for Ethereum USD?

Immediate support sits at $1905.12 (today's low), followed by the Bollinger Band lower at $1459.03. The year low of $1383.26 provides psychological support. Breaking below $1459 would signal further weakness toward the year low.

What is the quarterly price target for ETHUSD?

The quarterly forecast for Ethereum USD stands at $2731.37, representing a 40.2% gain from current levels. This target aligns with the 200-day moving average and suggests potential recovery if oversold conditions lead to a bounce.

Is the downtrend in Ethereum USD still intact?

Yes, the ADX reading of 47.96 confirms a strong downtrend remains in place. While oversold RSI suggests a potential bounce, the trend strength indicates selling pressure could resume if support breaks.

Crypto Insights

Ethereum USD Slides 4.73%—Technical Oversold Signals Potential Bounce

ByDanny Kontos February 24, 2026February 24, 2026

Ethereum USD (ETHUSD) is trading at $1948.16 as of February 24, 2026, down 4.73% over the past day. The second-largest cryptocurrency by market cap has faced significant selling pressure, with a year-to-date decline of 37.87%. Despite the bearish short-term action, technical indicators suggest the market may be approaching an oversold condition. Understanding the current price action and technical setup is crucial for anyone tracking Ethereum USD movements. We’ll examine what’s driving this decline and what the charts reveal about potential support levels.