The momentum of the currency:#ETH
• MACD -48: still negative → which means the short-term trend is weak, but the gap between the lines is narrowing, indicating that the decline is starting to weaken.
• StochRSI = 5.12: within a very strong selling overbought area → often gives an early signal that a bullish rebound is near.
• Williams %R = -84: also in the selling overbought area → confirms the same idea.
• OBV (On-Balance Volume) is almost stable → means there is no strong liquidity exit, the market is stable.
🔹 Summary about the momentum:
The current momentum is weak but leans towards upward rather than downward, and the currency is in a cooling phase after dropping from $4956.
This means: we might see a bullish rebound if it does not break $4200.