$ETH The overbought oscillators oppose the persistent bearish trend signals
The momentum indicators for ETH present a mixed view: the daily MACD signals a strong bearish trend, supported by the ADX which shows persistent downward trend strength. However, the overbought signals from the stochastic RSI and Bull/Bear Power reflect aggressive buying pressure, while the regular RSI and CCI are neutral or slightly bearish. During the intraday session, ETH jumped from $2,803.21 at the previous close to $2,994.71 at the open, with no gap, and the price is now near today’s peak in a wide trading range - indicating strong volatility and intraday strength. This combination of overbought oscillator signals and dominant bearish momentum creates a conflicting technical backdrop in the short term.
The upside is limited by volatility and sell signals dominate the weekly outlook
Over the next five trading days, the expected volatility range for ETH is set between $2,750 and $3,250. The weekly momentum indicators are firmly in "seller" territory, suggesting less than 20% chance of an upside in the short term, and the base scenario anticipates continued sideways action between established support and resistance levels. A decisive break above $3,150 could pave the way for a rally towards $3,250, while sustained weakness below $2,900 would increase the likelihood of a deeper pullback towards $2,750.
