#CryptoTrading.

📉 Overall picture:$ETH

• $ETH price is at 2,503.59 USDT, down 9.41% in a day.

• The breakout of the upper channel line (red skin line) did not hold — it is a fake breakout (noted in the upper yellow circle).

• This was followed by a drop to the lower limit of the ascending channel (lower yellow circle), which is currently being tested.

🔍 Key indicators:

📊 Bollinger Bands:

• The current price is below the middle line (MB), approaching the lower limit of the channel (DN = 2,399).

• ​​This indicates a possible oversold, but strong oversold will not be reached.

📈 MACD:

• The MACD line is below the signal line (yellow below purple).

• The histogram is negative and continues to fall.

• This indicates bearish momentum.

📉 RSI (6, 12, 24):

• RSI(6) = 38.76, already close to the oversold zone.

• RSI(12) = 46.78, RSI(24) = 52.51 — still a neutral zone, but with a downward bias.

• All RSIs show a downward trend → buyers' weakness.

📊 Trading volume (Volume):

• High volume during the decline → confirmation of selling strength.

• The decline is accompanied by active bearish candles.

📐 Support and resistance levels:

• Support:

• ~2,338 USDT — the lower limit of the ascending channel (potential rebound zone).

• If this limit is broken — a further drop to 2,200–2,100 USDT is possible.

• Resistance:

• ~2,590–2,600 USDT — middle Bollinger band + last pullback zone.

• ~2,780–2,880 USDT — fake breakout level (strong resistance).

📌 Conclusions and scenarios:

✅ Bullish scenario (Bullish):

• Bounce from the lower channel border (~2,340 USDT) with recovery to ~2,600 USDT.

• RSI starts a reversal, and MACD reduces the decline.

❌ Bearish scenario (Bearish):

• Breakout and consolidation below 2,340 USDT → acceleration of the decline to 2,100–2,000 USDT.

• MACD deepens the negative, RSI drops below 30.