ETH

ETH is in a clear short-term downtrend: price is below all major EMAs (12/26/50/200), with the 12 EMA < 26 EMA and both sloping down, confirming bearish momentum. MACD is negative with a slightly negative histogram, indicating ongoing downside pressure rather than a confirmed bullish reversal. RSI at ~39 is weak but not oversold, suggesting there may still be room for further downside before a high-conviction mean-reversion setup emerges. Price is currently sitting just above the lower Bollinger Band ($2702) after a sharp -9% 24h drop, which often leads to short-term bounces, but today’s low volume (0.47x of 20-period average) means any bounce lacks strong confirmation. ATR around $56 indicates moderate volatility; with the trend bearish, downside risk remains meaningful. Risk/reward for a fresh BUY is not attractive yet, but an aggressive SELL here is late given proximity to band support. The highest-probability stance is to stay on the sidelines or maintain small existing exposure and wait for either a stronger oversold signal with reversal confirmation or a clear reclaim of the 12/26 EMAs.