Ether (ETH) experienced a 6% drop in the past 24 hours, briefly falling below $4,100 before recovering to trade above $4,200. Technical indicators, including the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), suggest bearish momentum, indicating potential further declines if ETH breaks below $4,232. Market participants are closely monitoring an upcoming speech by Powell for insights into future Federal Reserve policy directions.
Ether Faces Potential Dip Below $4,000 Amid Bearish Signals
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