1. Current price
ETH/USDT Price: $2,522.22
24h change: Decrease of 0.46%
24h high price: $2,553.08
24h low price: $2,488.72
2. Bollinger Bands (BOLL)
Bollinger Band Width is narrowing:
UP (Upper Band): 2,732.43
MB (Middle): 2,576.80
DN (Lower Band): 2,421.17
Price is near the lower band, which typically indicates:
The market is weak.
Could be in an oversold region => potential for a slight recovery (pullback) if there is no bad news.
3. MACD
DIF: -37.45
DEA: -32.56
MACD Histogram: -4.89
Signal: MACD is negative and Histogram is red, indicating that the downtrend still dominates. However, the histogram is shortening, showing signs of weakening selling pressure.
4. Trading volume
Decreasing volume => The market is waiting for information or fluctuating in the accumulation zone.
There was a very large volume around June 13, indicating a strong sell-off, followed by weakened trading volume.
5. Price Action
Most recent peak: $2,879.22 → Then dropped sharply.
Currently, the price is sideways around the support level of $2,520–$2,470.
If it breaks $2,471.68 (lower Bollinger Band), ETH may test the $2,420–$2,380 range.
6. Summary
✅ Positive signs:
The MACD histogram is shortening → A slight upward adjustment may be forthcoming.
Price is near the lower Bollinger Band → There is potential for a slight technical bounce.
⚠️ Risk:
MACD is still strongly negative → The main trend remains downward.
Low volume → Lack of upward momentum.
Recommendation (short-term, not investment advice):
If holding: Can wait for a rebound to the $2,570–$2,600 range to consider shorting.
If looking to buy: Should not catch the bottom here, can wait for clearer reversal confirmation (MACD crosses up, price exceeds the middle band of Bollinger).
If the price breaks the $2,470 range: Be cautious with the next support at $2,420–$2,380.