$ETH The downward trend persists in a context of mixed signals and mid-range trading
Momentum signals remain mixed: the MACD on D1 indicates strong selling pressure and the ADX also signals a sell, both reflecting a pronounced bearish momentum. The oscillators indicate short-term overbought conditions with a high Stoch RSI and CCI, while the RSI remains close to neutrality at 50.16; the Bull/Bear Power is overbought, suggesting a dominance of buyers even as today’s price slipped by 0.72%. The current price is trading around the midpoint of today’s range ($3,090.8 - $3,142.24), with moderate volatility observed and dynamic resistance near the Ichimoku Kijun at $3,094.71. No significant opening gap is observed, and the absence of golden cross or death cross further highlights the divergence between mixed technical indicators and price action.
Limited breakout possibility as volatility anchors ETH in a defined band
In the short term, ETH should remain within a range of $2,950 to $3,200, reflecting the typical volatility around current levels. With less than 20% probability of further upside, the most likely scenario is continued consolidation or a downward drift. ETH should hold within this range given the current fluctuation conditions and range limit. A bounce above $3,200 could pave the way towards $3,300, while a break below $2,950 could expose ETH to a deeper pullback towards $2,900.
