ETH

ETH is in a clear short‑term downtrend: price is below all key EMAs (12/26/50/200), MACD is negative with a widening downside bias, and the 24h move is a sharp -9% with price trading near the lower Bollinger Band. RSI at ~40 shows bearish momentum but not true oversold, suggesting there is room for further downside before a high‑conviction mean‑reversion setup. The recent 07:00 candle shows a strong impulsive sell‑off (large range, high volume) followed by a weak bounce on much lower volume, which typically reflects a pause in a bearish move rather than a confirmed bottom. ATR around $56 implies meaningful intraday swings, raising drawdown risk on fresh entries. However, price is sitting just above the lower band and a local intraday support zone near $2700, so shorting aggressively here carries poor immediate reward/risk if a volatility snapback occurs. With low current volume (0.39x average), signals lack strong confirmation. Overall, conditions are bearish but not at an ideal point to buy or to initiate new shorts; maintaining current positioning and waiting for either a clearer oversold reversal or a clean breakdown is prudent.