ETH

ETH is in a clear short‑term downtrend: price is below the 12/26/50/200 EMAs, confirming bearish structure, and the 24h drawdown of ~8.7% shows strong recent selling. RSI at ~38 is bearish but not yet oversold (<30), suggesting there may still be downside room before a high‑probability mean‑reversion setup. MACD remains negative with the line below the signal and only a very small histogram, indicating bearish momentum is still present and no convincing bullish crossover yet. Price is trading just under the Bollinger middle band and closer to the lower band, showing mild downside pressure within the bands but not an extreme deviation that would favor an aggressive contrarian long. Volume is roughly in line with the 20‑period average (1.07x), so the selloff is orderly rather than capitulatory, reducing the case for an immediate reversal. With ATR around $62, volatility is moderate; downside probes toward the lower band (~2660) or slightly below are plausible. Risk/reward for fresh longs is not attractive yet, but it is also premature to short aggressively into a maturing downswing. Standing aside or maintaining existing, tightly risk‑managed positions is prudent until clearer confirmation appears.