$ETH /USDT Chart Analysis

Ether saw a sharp intraday rise, peaking at $2,628 before facing resistance and entering a corrective phase. After tagging the upper Bollinger Band, price began consolidating and is now trading below the middle band ($2,604), showing a loss of short-term bullish momentum.

Volume has tapered off significantly after the spike, indicating weakening buying interest. The MACD continues to decline with widening bearish divergence—DIF at -3.30 and MACD at -2.11—confirming bearish control in the short term. The histogram remains in deep red territory, reflecting sustained downside pressure.

The current price of $2,593 is hovering close to the lower Bollinger Band ($2,588), signaling a potential oversold bounce. However, the trend bias is still weak unless ETH can reclaim the mid-band at $2,604 with strong volume.

Strategy Insight:

Short-term bias: Bearish

Aggressive shorts: Consider entries near $2,600 to $2,610

Target: $2,545 to $2,520

Stop-loss: Above $2,630

Watch for bounce: If price holds near $2,580–$2,590, a minor relief rally to $2,610 may follow.

Avoid chasing longs blindly. Until ETH reclaims momentum above $2,620, rallies are likely to be sold into.