Ethereum USD Declines Amid Broader Cryptocurrency Weakness

Ethereum USD (ETHUSD) is currently trading at $2,027.90, down 4.87% over the past day. This decline reflects selling pressure across major cryptocurrencies and a sustained downtrend.

The technical setup for ETHUSD reveals mixed signals with bearish dominance. RSI at 36.01 indicates oversold conditions, suggesting selling pressure may ease soon. However, the strong downtrend (ADX 43.15) suggests sellers remain in control.

Price forecasts range from $1,370.11 monthly to $2,960.01 yearly, reflecting potential near-term weakness followed by recovery toward higher price levels.