🔍 Key Indicators and Current Situation:

📉 Price:

Current Price: $3,615.42

24h Low: $3,563.60

24h High: $3,820.38

Current movement: Downtrend

📊 Moving Averages (EMA):

EMA(9) = 3,700.66 (yellow)

EMA(21) = 3,746.30 (pink)

EMA(50) = 3,734.85 (purple)

👉 The price is below all major EMAs, which confirms a strong bearish trend.

📉 MACD:

MACD = -23.74, DIF = -33.44, DEA = -9.69

The histogram is negative and expanding — showing increasing bearish momentum.

⚠️ Stochastic RSI:

STOCHRSI = 0.00

Indicates the asset is extremely oversold, which could suggest an upcoming short-term bounce.

📈 Short-Term Forecast (4h to 1 Day):

🔴 Bearish trend dominates, but:

There could be a short-term relief bounce up to the $3,660–$3,700 area due to oversold RSI.

If the bounce fails to break above EMA(9) (~$3,700), it could just be a “dead cat bounce” (fake rally).

If the downtrend resumes, support to watch is around $3,560, with a potential drop towards $3,500 or $3,450 if selling continues.

🟡 Trading Scenarios:

For Short-Term Traders (4h–1D):

Long setup only if price stabilizes above $3,660–$3,700, with a tight stop-loss below $3,560.

Short setup if the price retests EMA(9) and gets rejected — potential target: lower lows.

For Swing or Mid-Term Traders:

Wait for MACD convergence and a break above EMA(9) and EMA(21).

Safer entry if the price forms a base and turns bullish above ~$3,750.

📌 Summary:

Signal Status

Trend 📉 Bearish

Momentum 🔴 Negative

RSI (Stoch) ⚠️ Oversold

Setup 🟡 Possible short-term bounce, but trend still down

#ETH