ETH

ETH is in a broader bearish structure with price trading well below the 50 EMA ($2815) and 200 EMA ($3043), confirming a medium-term downtrend. However, the short-term picture shows early signs of stabilization rather than a clean long setup. RSI at ~40 is mildly bearish but not oversold, suggesting some downside risk remains without the benefit of a strong mean-reversion edge. The MACD line is below zero but the histogram is positive, indicating bearish momentum is weakening and a potential short-term basing phase. Price is currently hugging the lower Bollinger Band ($2714) with relatively tight bands (2.79% bandwidth), consistent with low volatility consolidation rather than a capitulation low or explosive reversal zone. Volume is significantly below the 20-period average (0.39x), meaning current moves lack strong conviction and any breakout or breakdown is less reliable. Risk/reward for new longs is not compelling while the broader trend is still down and key resistance (EMA 12/26 cluster around $2750–$2770) sits just overhead. Thus, maintaining current positioning and waiting for clearer confirmation is preferable to aggressive buying or selling.