ETH is currently operating in a small range of 2800–2850, highly similar to the previous four oscillation structures.
The Bollinger Bands are opening downwards, and the price is moving between the lower and middle bands, showing clear pressure.
The MACD is below the zero axis, with DIF and DEA in negative territory, but there are signs of a 'golden cross under water'—however, a weak rebound may just be a trap for buyers.
RSI values are all below 40, on the edge of being oversold but not yet at the bottom, leaving room for further decline.
2870-2900 range, watch 2750-2700$BTC
BTCUSDT
Perp
88,693.5
+1.04%
ETHUSDT
Perp
2,973.06
+0.98%
BNBUSDT
Perp
846.77
-1.88%