📊 Overview of the current movement
Current price: around US$ 3,147
Short-term high: approximately US$ 3,220
Recent low: around US$ 3,146
👉 After the formation of the top,
👉 the price continues in a gradual and continuous downward movement,
👉 with attempts at a bounce, but no clear signs of trend reversal so far.
📉 Analysis of moving averages (MA)
MA7 / MA25: aligned downwards → weakness structure in the short term
MA99: slightly tilted downwards, with the price acting close to or below it
📌 Interpretation
Short term: evident weakness
Medium term: correction phase
Long term: main structure still preserved
👉 The recovery of MA25 and MA99 is the first condition for a more consistent reversal
📊 Analysis of the Bollinger Bands
Upper band: around US$ 3,162
Central line: approximately US$ 3,150
Lower band: around US$ 3,144
👉 The price operates close to the lower band, indicating
👉 predominant selling pressure and approaching oversold region in the short term
🔑 Key supports and resistances
🟢 Important supports
US$ 3,145 ~ 3,140
Recent low
Loss may accelerate the drop
US$ 3,120
Psychological support and relevant level in the medium term
🔴 Important resistances
US$ 3,160
First resistance in a potential bounce
US$ 3,180 ~ 3,200
Region of MA99 and former support converted into resistance
Recovery of this range improves the short-term structure
📦 Volume & RSI
Volume
Reduced volume during the drop
No panic selling ❌
No strong entry of buyers ❌
👉 Controlled drop, with the market in wait mode
RSI
RSI (14): around 30
Close to oversold zone
👉 Possibility of a technical bounce,
👉 but still insufficient to confirm trend reversal
🧠 Possible scenarios
⚠️ Scenario 1: Continuation of selling pressure (main)
Loss of US$ 3,145
→ Tests at US$ 3,120 → US$ 3,100
✅ Scenario 2: Technical bounce
Maintenance of support at US$ 3,140
Volume entry
→ Retest of US$ 3,160 → US$ 3,180
Above US$ 3,200, structure improves
🎯 Conclusion in one sentence
Ethereum is still operating in a correction context,
with the possibility of a technical bounce, but no confirmation of reversal in the short term.
The moment requires caution and observation of support levels.
⚠️ Important warning
This analysis is for informational purposes only and does not constitute investment advice.
All decisions and risks are the responsibility of the investor.
Always consider your profile and risk management before trading.
