ETH

ETH AI trading (date: 2025/06/18 02:01 UTC) background decision is summarized.

Technical Analysis

Currently, the chart shows that Ethereum (ETH) has displayed a distinct downward trend through price fluctuations over the past 300 days. Looking at the daily chart, the recent price is stabilizing around 3,500,000 KRW; however, based on moving average (MA) analysis, the recent 50-day moving average has fallen below the 200-day moving average, indicating a bearish signal. The Relative Strength Index (RSI) is currently positioned below 30, in the oversold territory, suggesting a possibility of a rebound, but if the upward momentum falters, the possibility of further declines cannot be ruled out.

As for support levels, 3,400,000 KRW is noted, and subsequently, 3,200,000 KRW may act as a major support level. On the other hand, the resistance level is at 3,600,000 KRW, and it seems that further increases will be difficult until this level is breached. The MACD (Moving Average Convergence Divergence) has maintained a downward trend recently, generating sell signals.

In conclusion, Ethereum is recommended for selling in the short term, as there is a high possibility of further price declines. However, seeking buying opportunities at lower prices could also be a good strategy.

External Factors Analysis

Recently, negative news regarding the Ethereum network has impacted the market, reflecting the uncertainty in the global cryptocurrency market. Regulatory news, particularly the anxiety stemming from the tightening of cryptocurrency regulations in the United States, has negatively affected cryptocurrencies, including Ethereum. Additionally, concerns over a global economic slowdown have led many investors to move towards safe assets.

In the case of Ethereum, the recent decrease in demand for DeFi (decentralized finance) and NFTs (non-fungible tokens) is also affecting the price decline. Many investors are prioritizing current safety over Ethereum’s potential. This indicates that negative factors are more prominently reflected in the market than positive developments in the short term.

Ultimately, these external factors are exerting continuous downward pressure on Ethereum’s price, reinforcing selling sentiment. Therefore, investors should approach cautiously and consider stop-loss strategies if necessary.