#CryptoTrading. #Signal🚥.

📊Technical Analysis (1 hour) $ETH / USDT

1. Price and Trend:

• Current Price: 2,984.69 USD (-2.06% on the day).

• The chart shows a recent decline after a local high near 3,083.00 USD. The trend looks corrective, but the overall movement may still be sideways.

2. Moving Averages (MAs):

• MA(5): 1,614.92 (short-term) and MA(10): 256.359.20 (medium-term) on the volume chart indicate a decrease in activity, which may indicate a weakening of the current momentum.

3. Bollinger Bands (BOLL):

• The price is approaching the lower limit (2,951.76 USD), which may signal a possible support or further decline if this level is broken.

4. MACD:

• DIF (-8.90) and DEA (-6.87) show negative dynamics, and the MACD histogram is declining, indicating a bearish momentum in the short term.

5. Stochastic RSI (STOCHRSI):

• The values ​​of 20.86 and 20.75 indicate an approach to the oversold market zone, which may be a signal for a possible upward reversal, if confirmed by other indicators.

6. Volume (Volume):

• The volume of 20,191.87 shows activity, but its decrease together with the price drop may indicate the manifestation of strong selling pressure.

⚠️Conclusion: The current situation looks like a correction with signs of oversupply. Support may be at the level of 2,951.76 USD (lower Bollinger band). Resistance — around 3,083.00 USD. It is recommended to monitor samples of these levels and confirm the volume.