Ethereum prices are experiencing a downturn, trading around 3,180 USD (-1.52%) according to current market data. This decline signals bearish momentum in the short-term timeframe. The cryptocurrency’s price movement on both the 1-hour and 4-hour charts shows bearish pressure, consistent with a broader bearish trend reflected in daily trading activity. While momentum indicators suggest oversold conditions as per RSI (33.42), the market volatility is high (HV10 ≈ 71.666K). Key support levels for Ethereum are at 3,100 and 3,050 USD. Resistance levels are set at 3,200 and 3,300 USD. Meanwhile, the EMA Stack highlights potential resistance and support levels based on the moving averages.