ETH

ETH is in a clear bearish structure: price ($2313.85) is below the 12/26/50/200 EMAs (2392/2444/2530/2779), confirming strong downside trend and overhead supply. Momentum remains bearish as MACD is below zero and the histogram is still negative (-0.58), indicating selling pressure has not yet reversed. However, RSI(14) at 24.79 is deeply oversold, and price has pushed below the lower Bollinger Band ($2344.44) on expanding volume (2.02x average), which often signals capitulation risk and elevates the probability of a short-term mean-reversion bounce. The last two hours show heavy sell volume into a sharp drop (low 2285.3), suggesting sellers are aggressive but also increasing the odds of a volatility snapback. Given mixed signals (trend bearish, but oversold/extreme extension), the higher-probability play is to wait for confirmation (bullish divergence / MACD histogram turning positive) before buying, rather than chasing a breakdown or shorting into oversold conditions. Ideal stop-loss if attempting a tactical long: $2280 (below the recent swing low).