Bias: Short, but only on a rejection near 2440. Don't chase price here.

ETH is around 2,415–2,426 USDT. The 3-day technical signal is bearish. On the 1h chart, moving averages are aligned bearish and MACD is negative. On the 4h chart, MACD is still negative and price sits about 7% below the 4h MA200 (~2,594), so the broader trend is weak. The 4h and 15m RSI are neutral, not oversold, so there's room to fall further. Bulls have not reclaimed the 4h EMA30 (~2,447) or the 4h middle Bollinger band (~2,423) on a closing basis.

Trade plan (reference levels, not a personal recommendation)

• Entry zone: 2,435–2,445, on a bounce into the 1h/4h MA30 and EMA30 resistance, ideally with a bearish rejection candle.

• Stop loss: 2,480 (4h upper Bollinger band). That's about 1.5% risk from 2,442.

• Take profit 1: 2,390 (about 2.1% gain, roughly 1.4R).

• Take profit 2: 2,357 (the 24h low, about 3.5% gain, roughly 2.2R).

Invalidation: a 4h close above 2,480 cancels the short bias and opens a move toward 2,530–2,550 (4h EMA120/EMA200 area).

Risks: ETH is volatile and moves on macro and news headlines that can break technical levels quickly. Size the position so that a stop-out is an acceptable loss, and check your own account and risk tolerance before trading. Market data is as of about 03:00 UTC on 18 Oct 2026.