Current Price: $2,115.31 (-3.28%)

📉 Trend Overview — Strongly Bearish

The chart shows a clear descending channel from ~$2,322 down to the current level. Price has been making lower highs and lower lows consistently.

🔍 Indicator Breakdown

|Indicator |Reading |Signal

|MA(7) 2,150 / MA(25) 2,205 / MA(99) 2,292|Price below all MAs 🔴 Bearish

|Bollinger Bands |Price near lower band (DN: 2,103) 🔴 Bearish pressure

|SAR (2,185) |SAR dots above price 🔴 Bearish

Supertrend (2,199) Price below supertrend 🔴 Bearish

MACD DIF: -36.49, DEA: -31.00, MACD: -5.49

🔴 Bearish, histogram expanding

Volume Recent spike on red candle 🔴 Selling pressure confirmed

🎯 Probable Next Move

Primary scenario (60-65% probability): Continued downside

• The recent large red candle with high volume broke below consolidation support

• All moving averages are sloping downward and price is below all of them

• MACD histogram is negative and expanding — momentum is bearish

• Supertrend and SAR both confirm bears are in control

Key levels to watch:

• 🔴 Resistance: 2,150 (MA7) → 2,186 (Bollinger midband) — any bounce likely capped here

• 🟢 Support: 2,085 (recent wick low) → 2,030–2,000 (next major support zone)

Secondary scenario (35-40%): Short-term bounce

• Price is near Bollinger lower band, which can trigger a mean-reversion bounce

• A relief rally toward 2,150–2,186 is possible before continuation lower

⚠️ Summary

The path of least resistance is downward. Unless ETH reclaims the 2,186 Bollinger midband with strong volume, expect a test of $2,085 and potentially $2,000–2,030 next.

Not financial advice — always manage risk appropriately.