ETH

ETH is in a short-term bearish structure, but the setup is now extremely stretched and favors a tactical mean-reversion long. RSI(14) at 15.1 is deeply oversold, indicating capitulation-like conditions where downside momentum often exhausts. Price ($3100.25) is trading below all key EMAs (12/26/50/200), confirming the trend is bearish, yet it is also sitting just above the lower Bollinger Band ($3089.93) with tight bandwidth (5.44%), a common precursor to a volatility expansion and snapback toward the mid-band ($3176). MACD remains bearish (line below signal with a negative histogram), so this is not a trend-following entry; it’s a rebound trade that requires strict risk control. The sharp selloff candle at 06:00 with very high volume suggests forced selling, while the subsequent candles show stabilization near $3090–$3105. However, current volume is only 0.3x average, so confirmation is weaker; I’d size smaller and demand a clean hold above $3085. Ideal stop loss: $3065 (below the lower band and recent lows). Take profit is set at the mid-Bollinger/EMA12 confluence area.