Here's the analysis and short-term forecast ETH chart:

🔍 Current Situation (Daily Chart – 1D):

Price: 3,535.07 USDC

24h Change: +2.60%

EMA(9): 3,585.90 (above current price – acting as resistance)

EMA(21): 3,502.69 (below current price – acting as short-term support)

EMA(50): 3,170.05 (major long-term support)

MACD: -69.77 → still bearish, but showing signs of slowing momentum

Stochastic RSI: extremely low (9.75 / 4.61) → oversold conditions, potential for a bullish reversal

📈 What Does This Mean?

1. Short-Term Outlook (next few days):

Price has bounced off EMA(21) after a strong recent drop.

Stochastic RSI indicates a potential upside reversal, as it's deep in oversold territory.

If price breaks above EMA(9) (~3,585), it could aim for the 3,640–3,750 USDC zone.

2. If price fails to hold above EMA(21):

It may retest support around 3,258, and potentially the EMA(50) at 3,170.

🔮 Forecast (Next 3–7 Days)

🔼 Bullish Scenario (60% probability):

Price breaks above 3,585 → targets 3,640–3,750 range.

🔽 Bearish Scenario (40% probability):

Price fails to hold above 3,500 → retests 3,258 or even drops to 3,170.

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