Current Trend and Recent Support Level for ETH in its 30-min Chart

Introduction

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has experienced a significant amount of volatility in its 30-minute chart over the past few months. This article will delve into the current trend and recent support level for ETH in its 30-min chart, providing a comprehensive analysis of the cryptocurrency's price movements.

Current Trend

Based on the 30-minute chart for ETH, the cryptocurrency has been in a downtrend since the beginning of the year. This downtrend has been characterized by a series of lower highs and lower lows, indicating a strong bearish trend. However, there have been some attempts to break the resistance level of $3,200, but they have been unsuccessful so far.