$ETH

📊 Current ETH/USDC Analysis (12h chart)

Price: $3,601.72

24h Change: -2.24%#

24h High/Low: $3,737.77 / $3,554.90

Volume (ETH): 336,226.70

Volume (USDC): 1.22B

🔍 Technical Indicators

EMA (Exponential Moving Averages):

EMA(9): $3,609.37

EMA(21): $3,626.49

EMA(50): $3,479.89

➀ The price is currently below EMA(9) and EMA(21), suggesting short-term bearishness, but still above EMA(50), which can act as support.

MACD:

MACD Line: -17.54

Signal Line (DEA): 19.33

DIF: 1.79

➀ MACD is negative and below the signal line, indicating downward momentum, though it's trying to converge, which might suggest a possible reversal.

Stochastic RSI:

%K: 56.29

%D: 49.51

➀ Mid-range — neither overbought nor oversold. May indicate sideways movement or potential bounce depending on momentum.

Volume:

Recently lower volume, suggesting weakened buying pressure.

🔼 Short-Term Forecast

The recent recovery to ~$3,600 faced resistance around the EMA(9) and EMA(21), and the current candle shows some selling pressure again.

If the price drops below the 50 EMA ($3,479), we could see a retest of the $3,400–$3,470 support zone.

If bulls regain strength and push above $3,630, there is potential to revisit $3,730–$3,940 (previous local top).

✅ Bullish Scenario

Price reclaims EMA(9) and EMA(21)

MACD crosses back above signal line

Volume increases with green candles

❌ Bearish Scenario

Breakdown below EMA(50) (~$3,480)

MACD stays negative and diverges downward

Stochastic RSI turns down

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